Sure, I know that his concerns of a hostile takeover are valid... but I don't feel right about just handing over 29% of my shares to them so that they can own 50.1% of the company... I would rather they did a buyback and bought those shares legitimately from me..
Dilution is a part of penny stocks... I know that, I would never just run because I heard that word... but if you're telling me that their intention to increasing the A/S in order to steal a larger share of the market (for FREE) is ethical, then I will say, no I do not think it is ethical.
We may or may not hear news, so to say you assure it is pointless... The only thing we can be sure of at the moment is, the A/S is most likely going to be increased to 5 billion, and all we can do is hope they don't try to do unethical things like dilute for the sake of stealing a percentage of the company back. I've said it before, and I'll say it again... if they're diluting to take care of legitimate expenses for the company, I am all for it... But I think stealing a percentage of my shares so that they can have a larger slice of the pie for themselves (to prevent a hostile takeover) is lower than low.
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