Well ,it ain't over till the fat lady sings,take a look at SHRN,for them there was the ACTIVSHOPPER or now they were officially dead,they had just enough money till release ACTIVSHOPPER,with GZFX ,what do they have?Well they have more and more smoking affiliates everyday,thus more subs,they gonna air soon in jan ,gonna expand with 2more distcenters,that costs alot of money all,and we should give them the time to grow,Insiders still own 40% of the O/S so an R/S isn't an option ,for the near future!By raising the A/S ,it's obvious they gonna issue shares to ..GGI?in return for cash ,commercials costs a lot,but also will bring in more revenues (subs).GZ is a great company ,as they rent gamez and dvd's, no late fees ,cheapest from all rentals,all they are doing know is trying to survive while they grow,let's hope GGI or another investmentcompany has enough faith in GZ like i or we do!
Some explonation here:
This amendment, which did not require shareholder approval under the Registrant's current Articles of Incorporation, as amended, increased the authorized common stock of the company to 2,000,000,000."
Such dilution would not be good but this says increase TO 2 billion not BY 2 billion. It is also Authorized stock NOT oustanding. According to their latest 10Q they had "Common stock; $0.001 par value; 900,000,000 shares authorized 642,938,000 shares issued and outstanding. If they boost that up to 2 billion it might cause some damage. Let's see now, 580,694,000; 554,652,076; 329,071,449. They have been slowly increasing their shares outstanding. Every time a 10Q came out their oustanding shares have increased. I think the last rally was simply caused by Flemings purchase of shares outstanding to maybe get some more buyers. And now they authorize more shares. (thinking)
Won't sell one share also,hopefully we we soon will see some light at the end of the tunnel!
Asterix.
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