Of course dilution is a big issue here. This company has literally diluted its stock by 99% in the 10 years the Webers have been doing their thing here. The stock price has declined 99% in that time.
""my concern is that they use the money to grow the business into a profitable one, and that is exactly whats happening here""
No, that is exactly what is NOT happening here. You need to read the financials. The shares were used to pay off debt that was "overlooked" (the company's word, which they then removed after I chastised the percussionist for admitting this). The shares have been already issued, and NO, it's not to generate money for growth, but instead the opposite, to pay off debt from prior attempts of "growth".
So to summarize, the company has just diluted on the order of 40% in order to pay off a debt from years past! The company has given 40% ownership of the company, just to pay off a measly $1.3 million loan that they "overlooked".
Yes, this is going in my SEC letter!
I love Emax! :-)
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