Aqua started my own company too and did the same. Didn't have shareholders to fund my investment. Last time I looked PT had around 70 million shares I don't know what all he invested to get them. That said it has been 5 years plus so a reasonable salary might have been $100K. Still don't know how to discount the terrible miscalculations at San Felix.
Since we still don't have a known deal at Rancho then I would have felt better about this if he had waited until something was firm. I know a lot of us are looking at maybe $.10 -$.20 on the dollar left of our investments providing we took advantage of PP's all along. Some a lot less than 10% if they were not able to advantage the recent PP's. All the dilutions at this point feel like salt in a wound. Its fair to point out a lot of the dilution has been as a result of the poor due diligence and planning at San Felix.
I want to be fair and generous but hard not to be a bit resentful until we see confirmed promise and progress. Maybe this act is just one more confirmation that the deal at Rancho is going to happen. That will reflect better on PT than what it feels like right now.
I hope that Mexus makes PT a very very rich man...from stock appreciation and divvies.
Aqua started my own company too and did the same. Didn't have shareholders to fund my investment. Last time I looked PT had around 70 million shares I don't know what all he invested to get them. That said it has been 5 years plus so a reasonable salary might have been $100K. Still don't know how to discount the terrible miscalculations at San Felix.
Since we still don't have a known deal at Rancho then I would have felt better about this if he had waited until something was firm. I know a lot of us are looking at maybe $.10 -$.20 on the dollar left of our investments providing we took advantage of PP's all along. Some a lot less than 10% if they were not able to advantage the recent PP's. All the dilutions at this point feel like salt in a wound. Its fair to point out a lot of the dilution has been as a result of the poor due diligence and planning at San Felix.
I want to be fair and generous but hard not to be a bit resentful until we see confirmed promise and progress. Maybe this act is just one more confirmation that the deal at Rancho is going to happen. That will reflect better on PT than what it feels like right now.
I hope that Mexus makes PT a very very rich man...from stock appreciation and divvies.
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