OTCPK:EQST - Post by User
Post by
Nikolaion Jun 02, 2008 9:27pm
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Post# 15137144
The opportunity for this stock to hit $55 benchmar
The opportunity for this stock to hit $55 benchmarto be predicated on maintaining a tight share structure, securing financing and then executing the remainder of the plan. Shareholders no doubt expected financing to occur prior to any significant re-dilution of the share structure. Indeed, dilution has been light since the 20:1 R/S in May 2007. However, the latest filing mentions 2MM shares being exchanged for 2 patents -- going from about 3MM fully diluted shares to 5MM. It seems the plan is coming together but perhaps somewhat backards, unintentional? I wonder if this negatively impacts their $55 conversion benchmark referenced in the financing.