Been thinking that a while now. Wish he'd just pulled the rug out and diluted when the thing ran to .26 cents. Say he is able to dilute at an average of .17 cents during that period, every 6 million shares is a million dollars. Being even more conservative, he could probably have dropped 36-40 million shares on the float during that time and made $5 million for the company. Sure, would have looked bad back then for everyone jumping on board, but this company has not had cash in forever. At least he could have used that to open 7-8 new locations, gotten the company profitable, and then the leverage in every other sector (financing, franchising, buildouts/leases) is far better. Combine that with the franchise model in Bahrain for additional cash and expansion and he could have easily delivered on a few of those promises. Now it's impossible to sell 10k shares at a reasonable price. Just as toxic financing is a killer, dilution, when done timely and responsibly, can actually be a godsend in the long run, as much as it may hurt the pumpers momentum or calls for $2 SP. Right with you Gator.
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