Replies to post #33001 on Lecere Corporation (fka LCRE)

[SMaturin]

Jim never said "no dilution," he said no sales of restricted shares.

The reason for the huge AS is to provide a standard mechanism under Rule 504 for raising additional funding through private share sales outside of the open market. This is how public start up companies without other private venture capital pay their bills until they have revenues flowing in.

Read the blog more carefully. His goal is to have the gain in market cap/equity eventually outrun the "dilution" due to startup funding so that his restricted shares will make him rich when the company has a much higher market cap. This is how Bill Gates, Steve Jobs, Larry Ellison, the Google founders and most other successful start-up CEO's got extremely rich. Own a huge chunk of the shares before they become profitable and successful and hang on to them long-term as the company grows into a major player and becomes worth mega$$.

Folks who bought into those companies before they became successful and held the shares for the ride up got very rich, too.