This topic comes up from time to time. It was particularly bannteed about right after the increase in shares was authorized a year ago at the SHM...from 500mm to 750mm.
The doomers were certain we'd sop those up in a heart beat, reverse the stock and protect the warrant and option holders, and the management and insiders would clean up.
Well that hasn't exactly happened according to their scenario at all.
We have used what? 450 mm shares and haven't even pierced the 500 mm share original threshold yet.
Warrants and options all have NO anti-dilution provisions whatsoever.
A reverse is just as damaging to management and common as it is to insiders....including La Jolla...btw.
HighStandard: Actually, the TA shows it's more like some one/ones getting in bigtime, though gradually, at nice low prices. But this is something we should discuss on the WSGI TA board:
PS: What if Clark, in his new capacity, is in a better position to influence institutional investors and/or mutual funds to buy cheap shares of WSGI, knowing that GTC revenues would build nicely and shareprice would follow, once the 10Q numbers were filed, perhaps earlier than usual, like on the day of the shareholder meeting? Lots of small to midsized contracts add up to lots of revenue rollin' in...a material amount.
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