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johnydollar

05/03/12 10:55 PM

#36590 RE: General Grievous #36587

Well you have not done your DD if you did then you won't be asking that kinda question right.

playtowinthegame

05/03/12 10:56 PM

#36591 RE: General Grievous #36587

Was wondering when the manipulation was going to begin...goodnite all.

Quest P

05/03/12 10:58 PM

#36594 RE: General Grievous #36587

From the DD sticky at the top of the board:

"....Then Steve answers questions about why the AS was increased late last year to 2 billion:

"Your not going to become a billion dollar company with only a 500 million AS...larger media companies have 2, 3, 4, 5 billion AS."

PfeiferInvestments

05/03/12 10:59 PM

#36595 RE: General Grievous #36587

He told us flat out in an interview that he raised it not because IC Places, Inc. needed the money, but rather, "..you can't become a billion dollar company with 500,000,000 authorized shares.." I'm paraphrasing. But that's close to what he said.

And also you have not done the required amount of research. What you'll be pleased to know is that only 355,000,000 are outstanding, 60% of which is owned and held by insiders, which leaves approx 140,000,000 shares floating.

johnydollar

05/03/12 11:03 PM

#36599 RE: General Grievous #36587

Was that all you got from the whole time you were listening to the radio show, if so then you might wanna have your ears check,cos there is more to that in ICPA.

claytont123

05/04/12 12:13 AM

#36613 RE: General Grievous #36587

That is an ignorant statement. Businesses can not grow on a limited number of shares. If he plans to compete in a higher market , he has to keep that capability open. The deals made will make the impact little to none if shares are increased

claytont123

05/04/12 3:46 AM

#36639 RE: General Grievous #36587

This is in no way directed especially towards you. Anyone who does not see the importance of the increase in shares does not understand the fundamentals of business. Also, any business deal he makes to coincide with a share increase will be offset. IE, the deal will pay for itself. Hes not stupid and the share value will reflect this, along with the soon to be posted quarterly report which will show the naysayers the true character of Steve.