My thoughts are that the financials were pretty much what was expected, and that comaring 2nd quarter of this year with 2nd quarter of last year is not what ownership of this stock is about at this time. Really it all comes down to what is planned for the final portion of this year...significantly increased push with the churches, Walmart test, and JOAG distribution. If they are successful with that plan, the stock will rise significantly.
Like your thinking, but you got more shares that you are dividing the loss by thus your per share loss is bound to be less. We clearly have to get beyond the losses or we are going to get toasted. Nothing else can be cut or at least cut substantially and the only way to fix this thing is to get revenue up and as soon as possible. If the Authorized Shares get maxed out its all over and with huge amounts of shares going out to service debt and expenses well below market prices I am confident to hold what I got, but I'm not real happy. The only logical argument the company could possibly make for their actions is that the market has changed since the time frame of the report in a positive way. Since we do not have the exact dates of these transactions I guess its difficult to compare them to actual market prices at that time. Clearly, we did not get a lot of bang for our buck by converting shares - someone got a real sweet deal. Thats business - I just would have liked to have seen more benefit for the retail shareholders.
but the loss per common share was less this quarter than last. Last quarter it was (.01) and this quarter it was (.00)...thoughts?
Yeah, the loss is nearly equal in dollar amount but the dilution means more shares absorb the loss so on a "per share" ratio it looks better when in reality it is not significantly different from a dollar amount standpoint.
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