Sorry to put in my two cents. I know that was not directed at me, since I have no posted here before. However, from an email I just received, you can update the O/S to 130MM. I bought a few shares on Friday, before the nice price drop, and thought I would email Mr. Humphries, myself. I am only pasing along information that I received. However, I'm sure most of you will label me a basher... Anyway... This is what I was told.
Thanks for your email. I want to caution you on your investment, as all market investments have high risk. I strongly advise you to seek the advice of your broker and financial consultant. The best advice I was ever given was "if you can't afford to lose it, don't invest it".
You should always be concerned about dilution, as we have over 8 billion shares authorized.
The O/S is over 100mm (which has doubled in the past 90 days). Approximately 30% of the stock is held by insiders and of course it is restricted. The IR firm is responsible for the distribution of our PR as well as dealing with the large institutional investors/funds, etc., not with individual investors.
When I questioned the caution about dilution, I received this:
The current is about 130mm. I can't speculate on the future as you should do your own dd.
Best of luck in your investments
I'm certainly not saying this is a bad investment. However, I was not quite as reassured as some have been. I'm holding my shares, since I don't have much invested here, but I thought some of you might want this info.
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