"This to me says #1 that they looked into it. #2 that they basically were avoiding the question. #3 that if the company were valued above $75 million that they might further dilute the shares for their benefit not the current shareholders."
There is no doubt they are looking at all of their options relating to financing, including those involving more shares, as that has the least effect on them and company alike. They can always take market money to pay bills, it does the least amount of damage, setting current shareholders aside of course.
They fully avoided the question. In my opinion, it was a complete dodge. I give credit to the one that actually stepped up and asked the hard question(s), and did not take the story they were selling.
Given the proxy, they have made their intentions extremely clear, especially given they sneaked it out there with no communication to shareholders via PR or other public statement. They fully plan on diluting/financing future operations on the backs of the market/current/future shareholders. The whole growth from within is just not in their plan I guess and if it is needed to grow faster as some have indicated due to orders or other driver;this is where a bank would step in and give a line of equity if it knew the revenue was pretty much guaranteed to the business. Banks are often more than willing to finance operations when they know they are sound....guess the company can not demonstrate this soundness yet.
Either way, I do not foresee any positive signs for the next few weeks with the shadow of the massive dilution and giving of more free shares to insiders looming in the coming weeks.
Truly hope a contract or some other driver can abate the bloodletting currently occurring. NITE, the main driver of the drop this morning along with CDEL usually represent retail shareholders, not institutional, and they were chasing the ask this morning....another short term negative IMO. Retail appear to be selling some sizable blocks..
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