That's really to bad! All the potential to be a great stock and profitable company. Never would have thought they would have been fishing to drop shareholders value, rather then improve and grow. Many CEO's are scared to lose the power and control of the Company by showing the other shareholders profits, simply put! Digging a hole cost money, filling the hole is priceless. Now on the other hand! if the dilution is for good reason, and by good reason I mean improving the overall long term goals, starting with on time schedule dates i.e production, reports and filings, cost efficient operation.
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