I agree, Skyline. It's a matter of trust. I outlined it months ago, management has a SERIOUS "trust" issue and it would be a LONG ROAD to reestablish that trust. With all this news the past several weeks, they had every opportunity to rebuild that trust, but instead claim "ignorance" on the "share price" and on "dilution!" We've been watching management "dilute the crap" out of the SS for months, only to be promised it was ending and they were exhausting their efforts to renegotiate the convertible notes. We are no better off than we were last August when this was first mentioned. In fact, as you point out, we are 4x as heavy in the OS as we were 1 year ago. With no bid. I understand why shareholders are frustrated. With the constant dilution...we have a right to be frustrated. With no movement of the pps...we have every reason to be #*$$ed off. There appears to be no end to any of it.
I outlined on this board and forwarded a plan on to management (through IR) exactly how, if they had no better intentions and process, but to dilute and convert notes, and that idea was simply to run the stock and then dilute on the way down...just like most company's do, so the debt holders, the company, and stockholders could all benefit.
But instead, management is/was either clueless or just didn't/don't give a rats-@$$, biting the very hand that feeds them, and continuing to dilute-pollute while we sit at no bid on the ocean floor. It could have been/ still could be a win-win for everybody, but management needs to wake up and understand that shafting the very shareholder that has been supporting them, is not the right way IF they are truly serious about the company's longevity. Shareholder's have to be rewarded for their efforts...
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