Replies to post #1965 on The Tirex Corporation (TXMC)

[DueDillinger]

3 million is an insignificant number of shares (.2%) when there are 1.5 BILLION shares outstanding. Six months ago there were 'only' about a billion, but even those shares have been diluted by the issuance of another half-billion.

I remember when shareholders were asked to vote on an increase from 160MM to 250MM. A number of us objected on the basis that the new shares would dilute our equity and the measure barely passed. That was the nail in the Tirex coffin and it wasn't long before the company stiffed everyone it had dealt with, closed up its shop, sold the TCS prototype for scrap and moved to a file drawer in Threshie's home office.