gdepc, finally you got something correct and caught me in a mistake. It was around fifty cents a share, and that is about $100K total. If it still had the same share price it had in 1999-2000, it would have been worth $600,000.00. Check that math for me ... LOL.
Point is that Malcolm took over in August or September of 1999.
Now are you going to address and answer these underlined questions from previous posts:
gdepc, we have had a far greater loss of equity value following the pathway that was used. Go back to the time of the Hemco deal. We had around 40MM (not sure) shares outstanding. That number has just about tripled and in so doing our equity interest has been reduced to about a third of what it was. That is roughly equal to giving away two thirds of the equity interest. Of course this has not hurt those very select few in management, has it?
Please show me your figures to show that the underpriced PPO's have been more beneficial to the shareholders and their equity interest.
As others have said, having debt is not in and of itself a bad thing. It depends on the structuring of that debt. If you end up with debt service, then you need to have a revenue flow. We could have had a revenue flow a long time ago. Unless you have data to support an opposing view, don't even tell me that we could have not been generating revenue.
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