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NavyMSU

06/21/13 9:27 AM

#124748 RE: katano #124711

-950M shares outstanding
-No THC revenues
-Tripp Keber off the board of directors
-Negative operating cash flows
-Accepting and then holding illiquid shares in a company that values what you sold them for much less than you told your shareholders what you sold it for.

This makes for upset shareholders who won't pay a premium (large trading ratios) for a company that is changing directions every 6 months and has diluted a 50+% increase of its SO in 6 months.

The price has to settle to a reasonable trading ratio before people should take it seriously: if you hold a large position you should be very upset that management protected their own ownership % but not yours when they diluted.