DilutionEven if we have to give away half of GPM to make the company profitable, that is way better than the alternative.
Consider what the valuation of SBM would be after we are no longer a money-losing speculative play. That conversion would bring a lot of new investors on board who would never invest in a company on shaky financial ground.
I have no idea where the share price would end up, but I guarantee the trend would be up, and I guess that is why some speculators are willing to buy in now, as they see the potential.
Could we see the old highs again, even with the dilution? I think that is quite possible.
I only have a half million shares, but at 60 cents/share, that would be a nice boost to my retirement fund. A buck or two as some of the old cheerleaders suggested, well that is the stuff of dreams. :o)