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Friday, March 21, 2014 9:53:31 PM
The real debt is zero at this point thanks to APPLE's $20M and the PIPE financing late '13 but the share dilution is ugly.
Mgmt. buying some selling some (more dilution) plus exercising options is confusing me about their intentions too.
This is a very complicated story and it's hard to persuade any new investors like me. I took a chance because I saw the incredible tech after reading up on Seeing Alpha and doing some extra DD but I recognize there's lots of Halloween skeletons in this closet and it's going to be "Trick or Treat" later this year.
I'm going underground again on posts here until the next ENGEL Medical Days presentation unless something spectacular happens. Hang in there my friends.
date:
Tuesday, April 8, 2014
time:
9:00 am - 4:00 pm
location:
ENGEL Technical Center
ENGEL Machinery West
2012 Cecilia Circle
Corona, CA, 92881
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