Dear Ariella,
First of all, the posts always get a little more emotional, if not downright nasty when the stock is going down. I don't take offense at it because I know if for what it is.
Regarding yesterday's discussion of shares outstanding, the only mistake I made was in not thoroughly reading the SEC regulation once it was posted. The initial quote from Maura Marx strongly suggested that there were more shares than was previously indicated in press releases. I coupled that with the fact that the share count jumped from 4.8 Million to 16 Million without any press release that such a dilution was pending. The result of yesterday's discussion was, for me, quite reassuring, because it suggested that there are still only 16 million shares outstanding (a question which has been nagging at me).
Also, I am absolutely certain the discussion about share count did not move the stock one bit yesterday or today. If anything, it's resolution provided a little, much needed, reassurance.
If I had the power to move a stock from 1.90 to 1 3/8's, well, I'd be rich . . . which I'm not.
I don't feel "flamed" because nobody got personal or overly irrational, we're all entitled to our opinions. I don't assign much credence to wild speculation of a $30 price tag. FNTN has a great deal of work to do, and many obstacles to overcome before it will have a half-billion dollar market cap.
Ultimately, we'll all be best friends if and when the stock doubles or triples. We'll all lick our wounds if the stock flounders and falls.
Enough preachiness.
Kevin |
