I don't disagree entirely ... what I am hoping for is that the captains of this ship realize they have a self serving interest to stop the dilution, peg their pay to performance, and let the share price rise.
No one has more shares than they do, and no one stands to gain more from a rising share price than they do. I am counting on them being greedy and smart enough to realize how to maximize it.
For the captains it is a chicken and egg thing. Do they grab cash forever through dilution, or make the company profitable and drive up the share price making themselves even richer?
Controlling 45,000,000 shares at $1 is way more money than selling 750,000,000 shares at .005
In previous posts I have also written about the need for DKAM to bring in members of a new Board Of Directors who have run other companies and sat on the boards of other companies. Bring in three of those people and this ship will set sail around the world.
DKAM is in a great spot right now. They have an opportunity to do something better than they have ever done before. They've never had this chance. I am betting they have a chance to win.
BuyonChance Share Wednesday, February 16, 2011 10:05:27 AM
Re: FUNMAN818 post# 56986 Post # of 57018
funman,
That all sounds great... but lets put your numbers to work. Rheingold grosses $250k for 4 consecutive quarters, but the "cost of sales" for it are inflated and will most likely eat up $700k over that period. How much is the annual salary of PK again...? $641k or something close? That makes it awfully hard to pay back that overhead debt that's still accruing interest. So how do you pay it down?, you ask. A stock offering of course!
My point isnt that Rheingold wont be at least a limited success. My point is that there are only about 3-6 people that will stand to profit from it's success. The captain undoubtedly will sacrifice the ship and crew to find the treasure in this case. And we gentlemen.... are not the captains.
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