RE:RE:RE:DebentureIn a nutshell, it sucks!! BUT.... Glenn, from what I was told by IR a while ago, has been taking out of his own pockets and waiving his pay or partial pay from EGX to keep things going. The issuance of shares is basically insider buying, to me anyway. They prefer to take shares instead of cash out of the company. The fact that they are taking it .09, to me, is also a good sign. If the PEA were bad, I would think they would take the cash instead of shares at .09 or even some cash and wait until a bad PEA were released and get cheap shares. So, yes I think it sucks that they are doing this but it is a good sign to me, if you read between the lines. Glenn also knows that they cannot afford to dilute the company into garbage... Could it be a sign of a buyout? I would prefer to take shares at .09 rather than a few hundred thousand dollars if that were the case.
In reference to your question... yes it does suck and if we get a buyout soon, its going to hurt our return. I think "Aura" are getting too much of the pie at this point.