yes s/s is the key here. but its not an easy fix. you can't just retire issued shares, the owners of those shares wouldn't appreciate that lol.
you could lower a/s but that means zilch. its damage already done with the o/s over 7 billion. wl has issued 2 billion, yep BILLION, shares since a/s was raised and he said he wouldn't dilute the already hideous s/s. he was just raising a/s for financing covenants....ya right.
the longs here will defend the s/s all day but the fact is if you own shares since one year ago you have been diluted by almost 50%.
and we keep hearing that they haven't been selling shares to acquire the land so where did all that money go for the billions of shares issued? hmmm...
the only fix is a r/s or a merger that has essentially the same effect as a r/s.
that is the reality here. NO way around it. its been obvious since a/s was raised to, LMAO, 15 BILLION that this was going to happen. 7 Billion + o/s is amazing. say what you want about wl but the guy has balls for issuing so many shares (I KNOW HE DIDNT ISSUE THEM ALL BTW BUT HE SURE MADE IT WORSE). and he must be a helluva salesman too because longs here have bought it hook line and sinker. it cracks me up to hear people going on and on about their killer dd when all they are doing is talking to lieberman. he's only going to tell you what you want to hear....duh.
TALKING TO THE CEO IS NOT DD.
land valuation is a whole other story as well. the ibox valuations are pure fantasy. there is a reason why all the big boys surrounding mmte concessions never acquired the land mmte now has....probably has something to do with concentration levels, i'd bet.
gltaimo
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