Because the CEO continues to dump his shares. That's a FACT. If you think that's good, I have a bridge to nowhere that Jim built for me that I am selling. Interested? You can make excuses for why he is selling, but bottom line, he continues to sell his shares and reimburse himself with lots of more shares for hitting so called performance goals. Dude is getting paid a lot of money for a company just starting to generate revenue. Who is paying him, that would be us. We don't know the true amount of outstanding shares, so how the hell do we value this company. It's being financed behind the scenes. That's why I asked why he chooses to use this non-transparent financing method as opposed to a transparent second offering of shares to finance the aquisitions.
This is how I look at it, tell me if I'm wrong. IMO, this company is trying to expand with our money. Meaning their profit has not been generated over anything they have created. They just took our money and bought these companies out to show growth. Next year, they are trying to do the same thing. Two more companies on the investors dime. Why is the management team being compensated so well for basically being a real estate agent for these deals between the investor and acquisitions? 6 million shares is a lot.
News 
Market Data 
Discover 
