Fellas,
Which is fine! My beef with tg (and where I feel he really screwed me) is how he told us that he had this big contingent of buyers (ie Power, Lyons, others) who were going to step to the plate in a big way this summer. So far, that promise has turned out to be a complete farce.
I don't mind dilution either. What I do mind is when the company screws the financier/PR. Dilute all you want, but be straight about it. Don't encourage shareholders to load the boat with stock and get sucked in to the "critical mass" pitch, waiting for for a big push while you fabricate some story about buyers that don't exist.
Can y'all understand where I'm coming from? Well, he may have screwed me & my boys, but he's sure paying for it now, isn't he? i don't know how many of us are completely sold out (i'm not, for example), but I'm sure this will continue until the liquidity/absorption picks up.
ps - imo, this form of manipulation (ie making up stories and burning bridges and maddening key shareholders) is the fastest way to get all capital choked off from the company. By never giving someone who stuck with you during the lean times a reward (by bringing in buyers, slowing the dilution, getting price up, etc.) of some profit taking is either stupid/really greedy.
pps - the story that I'm telling is not conjecture. it just happened to my financial advisor with AV, and I can personally vouch for being part of the screw-job and knowing the blow-by-blow secondhand. So these are facts, not bashing.
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