gunnabeoneday
If I recall correctly, the r/s by the happy managers served to spank the number of o/s down to 62 million shares. The managers were preferantially exempted from the devestating effects of that r/s, all of which were required to be borne on the shoulders of the faithful long suffering shareholders.
Since that point in time until now, about 7 months later, the number of o/s increased by 220 million to its present about 282 million. That increase averaged out to over 31 million shares a month. At that rate, the number of o/s will indeed approach or exceed 500 million by the end of August, as I had earlier predicted.
You pointed out that prior to February, there may have been some months when the increase was under 31 million. However, the fact that February suddenly experienced a shocking increase to 40 million should, IMHO, be cause for alarm. frogdreaming was correct in pointing out this fact for our consideration and we should thank him for this dd.
Does this large increased number of shares in February portend comparable, or even larger, increases in the months ahead? It would have been far more palatable for the number of share issuance to steadily decrease from the r/s. Increasing at this rate does not bode well since it indicates increased operational costs and losses due to the lack of significant revenues.
It could very well be that the 500 million o/s will be reached between June and July of this year, well ahead of my prediction. Only the happy and well compensated managers know for sure.
JMHO for your kind consideration.
dr f
