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Gsdubb

09/25/14 8:57 AM

#11222 RE: BrownRickRoss #11221

Phenomenal! I wish I could reduce 30% of our student loan debt in that period of time. Perhaps with my shares one day we will! IMO

Dragon Lady

09/25/14 10:03 AM

#11223 RE: BrownRickRoss #11221

"30% reduction in debt is phenomenal"- well it wasn't "free"; one has to look at the corresponding common stock/shareholder DILUTION during the same time period, the dilution was massive, as in more than doubling the outstanding share count in about 12 months and still climbing at a steep pace (over 50 million shares diluted/issued in just the last reported qtr, passing 600 million fully diluted shares, and the authorized now increased to 2 BILLION).

It's not like they generated cash/cash-flow and used it to pay down debt or anything. The operational loss last qtr was very close to the same yr over yr period period (see 10Q filing). They've never been cash flow positive or internally generated one dime of cash from operations that I'm aware of from reading their SEC filings? They simply endlessly issue more common shares into the market.

If that's "phenomenal", then the common share holders are being further and further reduced each time in their percent they own; i.e. each share in their portfolio is being devalued continuously.