Yes they diluted in order to grow the company..and Jared was transparent and told us upfront that he was going to dilute and why the company needed to do it.
You just explained to yourself why the stock pps should not be used as a true asset..It can wildly fluctuate and be artificially driven by market forces--regardless of the TRUE intrinsic value of the actual company. There are companies out there right now that have market caps that are LOWER than the value of REAL ASSETS (Buildings, equipment, cash). Crazier than hell...but exactly why a company shouldn't depend on it's market cap for it's health.
anyway--done with this discussion--I type too slow,
Gibber dilution was necessary to raise money. Dilution got us: Crissy's fork lift, new office 6020 hugenard road, old office 7 airport road, bottling machine, staff members, the pig farm, the gc2000, new products and formulas, also general business expenses like all the trips that Jared took to Michigan, LA, Europe, Korea. Then in the end somebody lend Jared $750k and that was the end of dilution.
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