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lockshed

07/20/10 9:01 PM

#5290 RE: HermitCrab #5289

Being a Pink, they don't have to report to the SEC is my understanding, so the last time they filed was when they were headquartered in PA under different management. Outstanding shares are 100 to 110 million. I would like it a little lower, but since Bret took over the helm, dilution has been as minimal as possible. Some PIPE money was raised recently, but that is understandable. We don't know the exact pricing of the PIPES, but knowing the CEO, it was fairly priced. They raised some money with this for cash on hand and stuff like that. As I stated before, there are many longs here that hold quite a few shares. I personally hold over 700k shares. Parents is over a million and her group is 4 to 5 times that much, another poster on Yahoo has 3 million and there are many more. You can almost take those shares out of the Outstanding share count since we have been so loyal with the company and tightly hold our shares. Of course at some point we might consider selling some, but seriously, we don't think $10 a share is out of the question. We shall things as more is revealed to us in the coming days, months, year.

Your philosophy is rock solid. Unfortunately, I was never able to implement something like that. However, I can't complain at this point.