If you're referring to the 320M shares added to the OS since last year, most of them went to former shareholders of Biomass Secure before they merged with VMHIF, with the balance going to current management as part of their accrued salaries over the past two years (most of those shares were valued @ issuance @ .0054 or better, and yes, Jim Carroll was both a former Biomass shareholder and a current member of management - a "double dipper", if you will - nice little haul currently trading @ .024)
The Bears beat the Eagles in Philly tonight, so nothing's impossible - but the question I'd be asking myself is why anyone with good money to lend would even look @ this bunch, who between the lot of them have precious little experience building industrial production facilities or even overseeing multi-million dollar construction projects......Lenders who provide equity- based financing, on the other hand, love plays like BMSPF (who have to offer big discounts to market since they have no history of operational execution or any record of making money, and who also have an unlimited number of shares to issue, creating the conditions for a perfect 'death spiral' CD). Such scenarios thrive only when enough retail investors can be made to believe that gigantic things are just around the corner (don't watch the OS, or the S1 registrations - we have a contract with LG to buy our pellets!)
I really hope shareholders here finally make some scratch - management has no record of delivering profits or viable businesses over the past four years, and until they do, there's no reason to think that this time will be any different.
Caveat emptor.
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