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treit2002

04/24/12 7:46 PM

#10282 RE: RealDutch #10281

"We are looking at zero dilution for the remainder of 2012"

Sure of that?

I agree with pretty much everything you posted. And I've been impressed with Solomon's all in strategy, coming through with what he's said he'd do, for the very most part. Fish and beef are on schedule. HU and asparagus are being managed as well as can be expected with adverse weather and permits. The green house test is really smart, as I expect if it works, they can borrow money at that sub for the remaining cap ex. Fertilizer also doing well, and the restaurant and catering are a bonus. Would like to hear more about expanding to a chain of restaurants.

The quibble I have is Ironridge type deals.

How do you know there will be no more dilution in 2012?

I heard the 70,5m ave weighted 2012 share count too, But I also heard some contradictory verbiage as well. If you're right, great!

Further, if you are right, let's verify that and encourage that unambiguous statement from Solomon on the Q1 cc relating to current development and financing plans for 2012.

He can caveat that if the share price is quite a bit higher and/or really significant new opportunities arise -- above and beyond current 2012 expansion plans -- equity financing would be considered.