Well I guess he doesn't increase the A/S because he wants to keep the share count at 130 million IMO. That wouldn't be logical. So the question will be can he come up with any financing where he uses stock as collateral or where he does an outright equity financing or will he just keep on giving the JV guys shares directly. Either way the share count will most probably rise and the profits will be diluted a bit more.
Statements like "the stock is being manipulated" or more recently "we can't get a valuation higher than a P/E of 0.6 on OTC" doesn't give me a lot of confidence. Because Solomon is still looking for excuses. He still doesn't want to acknowledge that it is HIM who is destroying the stock, killing every rally we get. And you can't fix a problem if you don't understand the cause.
EVERYONE on here can see that selling a 25% stake of HU would be in the best interests of the shareholders. And still they don't do it. They keep convincing themselves that they can fix the problem with external capital. Which they cannot.
It's very frustrating to say the least. But we have to conclude that they (including the board) have failed. So now we have to get lucky with a Nasdaq listing or First North. Or a big prawn contract.
40 million new shares ? LOL, as I guarantee you he's not stopping there. He'll continue the dump as long as people are willing to buy the stock. It will go on for years unless the SEC pulls the plug on this ChiScam, which I believe it will at some point. No legitimate company dumps stock like this, none. SIAF's massive dumping of stock makes many true pink sheet scams look legitimate .....
"Do you share my fear that mr S will continue his dilution quest with the additional 40 million shares"
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