Post by
Mlachake on Feb 23, 2012 3:42pm
What About the Shareholders?
By the time this bull is out of the slaughterhouse all that will be left for the common shareholder will be some skin and bones, Why are these guys allocating themselves pieces of this company bit by bit but BELOW MARKET VALUE S/P hits .32 and they issue options at .30? way to encourange hard work! And the PP they had at .20 closed only to insiders while the shares were trading at .25-.26 in the open market for months! I like the play but so far I have not been happy with the inside deals. They surely know its worth lots and they are delaying things so that they can load themselves cheaply and that borders on the line! Just my opinion, or am I missing something here? they could have raised more money to the company if they had gone public on the PP at .25. They could have converted those depentures at urrent value and should have issued those options at higher prices to encourage growth!
Comment by
photoman on Feb 23, 2012 3:47pm
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