Thanks Carl, those are my thoughts too. The amount of dilution is severely disproporionate to the benefit to the company. I would like to see through Long's rose colored glasses and best case scenario, which is that Pope would choose not to dilute until the PPS is much higher, but I don't see that happening. Pope chose .20 and .25 cents for a reason, and they even authorized tons of more shares in addition to that.
It is clear they are being very cautious and plan on selling a good portion of their shares as they are able to. I expect we will see this in the next financials, that they have wasted no time in selling. The freefall decline the other day was halted rather artificially right above .20 and I think Pope will keep the PPS at least above .20 so they can convert their notes, otherwise it would go lower. If that is what they end up doing, then I will probably buy and flip between .18 and .22 if I am lucky enough to get that trading range. Need to make up all this money, lol, and GTEC aint gonna help me on their own until at least 2011. If we ever do get a pop up in the .30s I'm going to cash out period and just watch.
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