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xanadu

02/02/06 11:30 PM

#91292 RE: alwayslearning #91289

alwayslearning, To my knowledge he never told anyone by e-mail, or anyone who put such a message on the board, that dilution had ended. The only thing I recall was a line in one of the recorded web-casts where he implied that funding had been completed for now and he was not talking about the GGI package. He did not specifically say anything like, we are not, or have not been, selling shares. I don't recall which recorded Q&A it was in. There was at least one, the "Say good morning Chip" one that we may not find access to.
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Dspetry

02/02/06 11:41 PM

#91296 RE: alwayslearning #91289

It was never stated that dilution had ended....

The statement was that they were fully funded if needed.
Meaning, if they need access to cash, they can utelize the "Dilution method" of converting stock to cash.

Thats what they did... Now how they use this cash is suspect until laid out in detail in subsequent quarterly files...

For now, it seems they are "All in" on the CC deal.

Dave