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takeachance2012

01/23/13 10:07 AM

#33170 RE: bgrass1 #33169

Please post your findings, thanks
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wallst-winest

01/23/13 11:03 AM

#33176 RE: bgrass1 #33169

bgrass I have the 10k open and did a word search for "significant" and no where in the document is the word significant used in relation to dilution. They do mention issuing 45.2 million shares during the period ending Sept. 30, 2012. You are obsessed with this word and the reality is that all start-ups that couldn't raise huge capital by going public have to dilute to raise capital. How else can they raise funds? They have the ability to either issue stock or issue debt. Why would they ever issue stock at $.16? Therefore they are left to issue convertible debt which has dilutive provisions. We have discussed this over and over again. It feels more like you are bashing the stock then raising concerns on this topic. In the grand scheme of things, having under 200 million outstanding shares isn't that bad in comparison to many stocks. Yes I know this number will rise as they need between $3.5 -$5 million in capital during 2013.
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agrass

01/23/13 11:36 AM

#33188 RE: bgrass1 #33169

THAT is not what the 10K says. it clearly states there are 63 million warrants outstanding, and gives the proper notice at least twice that this could result in dilution, as has always been the plan.

What signal does that send to potential investors? That this company is open and honest about their plans and can truly be counted on!!!!