IMO, without some " ground shaking news " from Scott, the only way SEEK is going to make it will be through that BUYOUT that he has been harping about for years now.
It was previously discussed about " giving away the farm " awhile back and that is ALL that has been happening here for quite some time. Printing more shares only to turn around and constantly hand them out in the process of paying off or " extending " one's debt to your creditors is NOT a healthy way to do business. All this does is creates MASSIVE DILUTION and DEVALUATION to the shareholders.
It is no different than what our government does daily by printing up BILLIONS of paper. Is our Dollar really worth a Dollar??? NOPE!
Anyone that doesn't believe it better go back and re-read your Business 101 book again. Claiming to " reduce debit " by printing up and then handing out BILLIONS more shares is only a scapegoat way of running one's business.
Sooner or later any CEO doing this will have to pay the PIPER via a MASSIVE R/S because normally the handwriting is already on the wall and they can NEVER generate enough CASH to re-purchase and retire ALL of those shares. Then at that point the investors start DUMPING because they are the 1st to see the writing on the walls and from their everyone should know what happens!
Scott is shrewd but I seriously doubt he has enough business acumen to get out of this massive hole he is now digging without selling the company at the SHAREHOLDERS expense! Normally the more shares printed, the less the shareholders will get in that buyout situation.
Time tells all with most PINKYS and we should get our next look at just what those Call Centers are generating shortly along with any other " bright ideas " that Scott has came up with lately. That will tell everyone just how much CASH Scott is generating and give everyone a good idea just how many more BILLIONS of shares Scott will need to print up for the next 12 months.
GL2A.............
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