indeed, and i think you're on the right track.
those who think something bad is going to happen here are making a huge, huge leap. other bears profess they see a bad outcome and are most likely attempting to buy a dip.
they are suggesting anythony mason is ready to destroy his own 45M share equity stake.
they think mason would basically wipe out all shareholders before the run ever starts.
and they think he would do this after the company took a few years to locate some assets, and are very close to locking up the financing required to double the existing assets.
they are also ignoring something significant, which is that the fully diluted OS, if all current financing were converted now, would exceed the 500M a/s. this doesn't mean convertibles will hit the float, but it's a legal requirement of a company to allow for that contingency -- hence the proposed a/s increase imo.
i look for mason to get the pending loans funded, pay off the convertibles, do the r/s, and never get the a/s increase -- if only because shareholders will vote it down. that's how i see this playing out.
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