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PaperProphet

04/02/09 8:26 PM

#5354 RE: Makamai #5353

Well, what number do you want to hear?

Last year there were around 5.8 million shares outstanding (not counting Mr. Curtis' super-voting preferred stake which allows him complete control over the company) and today there are 45 million shares outstanding after Magnum pumped out a monsterous slug of shares. I would argue that, besides the 39 million new shares which were freshly printed in the last year, that a significant portion of the 5.8 million was also conjured up at no cost to Mr. Curtis.

You're apparently not bothered by the nine-fold increase in shares which seem to have been issued primarily for payment for Mr. Curtis' consulting 'expertise'. Since you give the impression of being a shareholder, can I ask why this doesn't seem to bother you?

Anyone who feels that Mr. Curtis' golden words of consulting wisdom were a fair trade for diluting other shareholders' stake by 87% would have to be virtually brain-dead. I'm assuming you don't fancy yourself to be brain-dead so please let me know why this massive dilution doesn't seem to bother you.