RE:RE:RE:RE:The good, bad and uglyI am not overly concerned about 15M vs 12M for the AIR deal.
I think you overestimate the expenses............and there were large one-time expenses on the Q4 that we will never see again.
When this thing gets rolling the Share compensation for the guys running the show will seem relatively unimportant.
Additionally, all this dilution you are talking about, which isn't much really, is actually going to make the trading float lower dine the line because these shares are going into hands that aren't/can't sell them.
Do what you want, but the fact is none of you would be here if you weren't interested...period.
Snickel
kidl2 wrote: When the deal was announced (March 6), UAV traded @ $0.15. That’s when the share portion should have been locked in. 12 Mil shares instead of 15 Mil shares or more. An extra 3% dilution doesn’t sound like a lot but it is.
Unless AIR has sales in excess of $2.4 Mil with great earnings, AIR clearly out-negotiated UAV.
I also don’t like the way UAV announced the Q1 results in their NR. Single focus on sales and not a word about expenses which are growing faster than sales.
There is no more near term money coming from warrant exercises which means they have to get their expenses under control or risk further dilution.
Share based compensation is completely out of whack. $380,000 on revenue of $350,000. That’s a bad joke in my books to put it mildly. A better way of putting it would be “out of control insider greed”.