Thanx because I keep reading this thread and some folks appear to be lost in the underbrush, it seems to me.
I went back over all the verbage several times and it looked to me llike the entire event was a settling up, as it were, where the company was having to make good on shares/warrants/debentures it sold to certain investors. The shares are not, techniically, "dilution", simply because the company bought them. They only become ditutive if they trade. Now, any warrants will generate shares (that those putting money into the company via them may dispose of), but the warrants have not actually been converted to shares with the SEC filing that is reference here. Not yet.
Again, the shares bought back from the insiders and/or accredited investors only become dilutive if the company turns around and sells them in the open market. Because the BUYER is the company, not the other way around. Thats how it looks to me.
Given that the company would have to issue filings to the SEC to cover the event of turning around and dumping these shares they have bought back, we will see those filings if they happen, correct? So, if somebody better versed than me can tell the rest of us, am I correct that its either 30 days or 45 days they have to file? And all of that assumes they will dump them into the open market.
Me.... if it were me sitting in the corporate throne over there, I would not be selling these shares back into the market. No way. If anyone does not realize that ETFs and mutual funds can not buy shares of companies below a certain price, they need to do some more reading. And look back over the years at the share price here. They have NEVER become the kind of price appropriate or name-recognition-appropriate company that puts them on the map so that technology ETFs & mutual funds are free to buy and hold them.
UNTIL NOW, that is.
The ambasador of a company is their CEO and if this guy, whatever his name is, wants the company he oversees to get recognized as a company worthy of being held by technology ETFs, he will NOT dump shares they have just bought back.
He will let them sit in the treasury and he will manage events to navigate this company into a reconizable technology name. He would have to be dumber than a box of rocks to destroy the events of today in the market by dumping shares into this price event. If he is that stupid, he deserves to be canned tommorrow. My opinion only, but thats what I think.
He will NOT achieve the name recognition, and hence the advancement of his own career, if he turns around, undermines this breakout, and sells these newly obtained shares.
I mean, people.... ya gotta keep yer eye on the ball. Don't get distracted by the flash and glitter and all the sparkling lights.
IMHO.... but thats my take, honestly.
Agreed or disagreed?
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