It's interesting to think about the number of outstanding shares. The main question is, how many more shares need to be authorized and issued for Durrant to achieve his objective for the company? Dependent on the revenue stream generated by the products as they become validated and accepted by the market, will he need to raise more money?
This is a guy who has demonstrated his commitment to shareholders by keeping us whole through the bankruptcy. He may be reticent to further dilute the existing share structure. That could be FANTASTIC for shareholders, as that would not reduce our slice of the pie.
My ONLY reason for wanting to see more retail action is to limit the market makers' ability to manipulate the share price. I think they clearly do that. If they can sell their shares after 10 days, I hope they do that, (although I read your post about the length of time these venture capitalists tend to hold their shares). I would just like to see them sell and expand the retail shareholder base with minimum new issuances by the company.
If I knew that there are no plans for the company to continue issuing shares, I would be more tolerant of the games that our market makers play. That would also signal that a merger or buyout might be Durrant's next step.
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