I don't agree with your premise. Just because "...all of them have baggage..." you are suggesting that I should forget about this "baggage"? Excuse me but that is a ridiculous notion, IMO. I didn't buy "all of them" so I don't care about the others. I only care about this one, which I picked very carefully after doing a fair amount of due diligence.
I bought in here because I perceived it had great investment potential. Then almost immediately they issued that PR proclaiming that they had secured a $25M convertible debenture. That has changed everything.
If you bought this stock because of their product line then you have a completely different agenda than I do. Of course the products they sell might be super successful in the market. But that does not directly translate into an increase of share price. The share price will go up ONLY if investors buy the stock.
The share price is determined strictly by supply and demand. If the company issues millions more shares, thru a CD or public offering, or whatever, then the value of my shares will fall precipitously. That is called "dilution" and it is the death of investors. I am really surprised that you don't understand the current situation.
Given the size of the convertible debenture ($25 million) and the current share price, the potential exists for several billion new shares to enter the float. Just divide the debenture size by the current share price and you will see how many new shares might be coming. If the CD holder shorts the stock prior to conversion then it will get real ugly for shareholders.
And you don't see the CD and the potential for massive dilution as a problem? Incredible!
Well then, Good Luck.
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