Strange; well although she doesn't have
them anymore, my wife can vote her 1000,
and I still have my 2500, let's see if
Ariad waters that trifling amount down even
more with yet another convertible. No, I
don't really think our shares mean anything,
it's nice that there are discussion forums
and all to banter about stocks, but middle
class individual investors are down here in
the muck--our concerns are just noise that
is just filtered out by management. And really
who would want the grief of feeling guilty--
note that Steve Push disappeared off the GLGC
board, I would not want that job.
Let's see...what is up for vote? The election
of several directors, approve the issuance of
"more than 4,385,500 shares of common stock
upon conversion of, or as dividends on, its
series C convertible preferred stock", yeah,
I know all about that and have learned my
lesson...well that is pretty much it. I think
I'll skip this one.
No, it's time to just throw in the towel and
try and talk this one down even lower through
September...
"...we may be required during the month of
September 1999 to sell additional shares of
series C preferred stock at the then current
market price and then applicable conversion
prices to the original purchasers of series
C preferred stock"
At that time I can double down around a buck,
maybe even a tad lower if everybody freaks out
about a delisting...and then I'll stop using
words like 'whore' and 'dilution' to nice
descriptions like 'nobel laureat science,
'elegant solution', and...well...'bargain'.
Hey, if this one get's to a buck, maybe I'll
triple down, I'll just gush if I can get this
one for a buck--it'll be like all the other
nanocaps I own that are breaking my heart{;-)}
I'll hang on to my measly 2500 shares, and
my 40k+ warrants til that time (hey most of
them only cost me 3/32, why not--this whole
thing could be a scam, then poof, ARGENT is
sold off for 200M, stranger things have happened.
In September the whole market will be tanking
anyway, only my gold fund will be going up. At
that time I'll double down on the ARIA common. |
