There has been obvious dilution on this stock..ss went from 217m to 316m since June 30th. My assumption is that they may be close to wrapping up, but this also could be Koos ATM machine wherein he just dilutes us up the wazoo with no end in sight. The dilution here has been too much too soon. I have an avg in the mid 2's as do some if not most on the board, so for those of us who already have their fill of 2's, it would be unwise IMO to add more 2's...it won't help our avg and if this tanks more, well that won't look good in ones' portfolio.
Was this too cryptic?:
BTW, those who don't have a position or avg in the 2's may be well served buying some 2's, as Koo's pooper scooper has been steadfastly scooping the 2's.
Translation, if one doesn't have a position or one's avg is higher than 2's or even if one has only a small position, then the 2's are a good buy point. For the rest of us cognizant of our risk/reward ratio, 2's are no longer a good buy (have more 2's than I care to have already). I may think the dilution is wrapping up, but I also don't like the pos vibe that's been wafting form BMSN for months. Koos was too heavy handed with the dilution, so I'm not feeling the warm and fuzzy vibe when I initially bought this stock. Koos has been MIA PR wise, so being kept in the dark with respect to developments for so long isn't very reassuring either. My assumption is that they need to finish dumping these CD's and then will update us when the selling is done, but I've been wrong before, hence my decision not to buy more 2's. The non retail buyer has been lapping up the 2's, so it appears we do have a bottom here, but like I said, I've been wrong before!
I truly hope you will let become one of your disciples b/c that kind of thinking is going to make me a lot of $$!!
I truly don't want any disciples...was merely offering my insight, not trying to sell girl scout cookies here!
Edit..first post ever on IHUB...oh my, did I rattle the cage at the Koos office??