The expansion should be financed out of on going cash flow and not on the backs of the present shareholders at these puky share prices. What is book value of the corporation right now? It is somewhere north of $0.50 per share. Just about every shareholder has paid more than the present price for their shares based on some pie in the sky expansion plans.
"Oh yeah, if we just get a little bit bigger we can generate some economies of scale." Shareholders paid $0.65 for their shares in 2008. They paid $0.45 for their shares in 2012. If they are planning to issue shares at these levels they should be turfed without any compensation whatever.
There is one clause I would like to see introduced to get a handle on performance. Instead of willy nilly issuing stock options. It would be better if the options were tied to earnings. The very same standards could be tied to the CEO salary. If there are no profits he goes back to his base salary. If profits are 10% of sales he gets 150% of base and if they are 20% of above he (or she ) would receive 200% of base salary. I would set his base salary at $100,000. Why is Jim Taylor getting such extravagant amounts for such miserable performance?
If wages were tied to profitability you would soon see a marked improvement is his performance.
BTW on level 2 there is pretty good support at $0.345
| Bid | | Ask |
| Price | Total Size | # of Orders | | Price | Total Size | # of Orders |
| $0.36 | 30 | 2 | | $0.375 | 1 | 1 |
| $0.35 | 9 | 1 | | $0.38 | 20 | 1 |
| $0.345 | 250 | 1 | | $0.385 | 18 | 1 |
| $0.32 | 8 | 1 | | $0.395 | 20 | 1 |
| $0.315 | 22 | 2 | | $0.40 | 6 | 1 |
| $0.30 | 14 | 2 | | $0.41 | 54 | 2 |
| $0.29 | 16 | 1 | | $0.42 | 71 | 3 |
| $0.26 | 10 | 2 | | $0.43 | 43 | 2 |
| $0.25 | 20 | 1 | | $0.45 | 97 | 3 |
| $0.20 | 60 | 1 | | $0.48 | 29 | 1 |