RE: Costs etcLW,
1) As per my post, the numbers were quoted from the German Magazine - they are not my projections.
2) My post was mainly directed at the asinine assertion that a 10:1 RS was a certainty followed by a 400% dilution for raising capital. The post was a flat out stupid, thoughtless post. Why?
A) Fully diluted, before the 40% JV deal (as per the presentation) MJS has 385M shares, and that includes 155M warrants. WARRANTS - ie, build the companies Bank Account by exercising them.
--> If half or even all the warrants are exercised, the need for financing is reduced (even if you exclude projected profit) .
--> if half or even all the warrants are exercised (and MJS's back account benefits from it), the ratio for a RS is impacted. Even at full exercise (at 40c, at 10c, etc), 10:1 would yield 38.5M shares before the JV OR 55M post JV, with 40% held by the JV partner. That doesn't leave many shares for public consumption.
So, to me, again, the inference made in that post is nonsense because there is no need for a 10:1 RS, even fully diluted, and if you take into consideration warrants and the increase of cash held by the company as a result of exercising some or all of the warrants, any additional raising of cash, if required, will be minimal, considering the Post RS Price. In fact, I'll go farther and say it was a scare tactic by an idiot poster.
--> This discussion is a moving target with "possibilities", but fundamentally, again, idiot points were made imo.
3) Rod H, our dear CEO. I have my theories on that and the selling. For one, as he is the owner of GCG - the backend for three companies, I don't believe he has the financial wherewithal to buy and hold 14M shares. Hell, he had 1M before that, then 14M? My belief is he acquired them with the intent to vote and sell. He's still holding 100% more than that whole selling fiasco.
Ask yourself this. Does the timing of the acquisition of those shares,the AGM vote the subsequent sale of shares, and the timing of the German Newsletter seem like a coincidence to you? To me, not a chance. Was it payment for the newsletter? Who knows. Whatever it is/was, I have tripled by ROI, so I can't necessarily complain, although I do like to know as much as possible about my investment and what is going on when a CEO sells. For this, I'll let sleeping dogs lie. But I am not a fan, necessarily. Bottom line, ask the CEO yourself.
That's all. I wanted to take a break from posting, but felt this 'warranted' a response. No pun intended.
Good luck to all
B