RE:RE:RE:CEO Allen holds 76 million of Augusta shares !!Pandora wrote: Something else I do not understand is the consolidation of Mooncor shares which probably throws evrything else I have said out the window.
According to the SH quote page Mooncor has 167,540,000 shares. If they consolidate 1 for 20 it gives them 8,377,000 shares in total yet they are giving AAO 47,500,000 "post-consolidation" shares of Mooncor -- tough to do it there's only just over 8M available. Obviously I'm sure missing something.
Perhaps I might be wrong but I think they plan to consolidate Mooncor, then print more shares to compensate AAO shareholders which leads to my primary concern with this "deal".
For simplicity, if you put two pennies in a bag and shake them up without adding more (new) money, you don't pull a nickel, let alone a dime out. Without a cash injection or new sales contracts, this is the same as a blood transfusion from one arm to the other. I'm having a hard time seeing this any other way.
The only way for Allen to grow AAO is with good old fashioned revenue and margin growth. As mentioned, unless he's got an ace up his sleeve with some 7 figure Fox-Tek contracts that he plans to roll out, this will always be why he struggles to unlock AAO's value. If he is unable to do this, then he ought to bring in somebody that can. I invested in AAO because I felt the technology was unique and required. Why can't AAO grow its top line revenue? - News release after news release and it doesn't translate into real tangible growth.
Much like many here, I'm bagholding a pile of shares so I'd really appreciate for someone to convince me I'm wrong.
I'll get off my soapbox now.
Cheers,
John.