If your true interest lies with the company and its products...then you should be VERY interested in how NVID's money is spent...
Lets play around a bit with the numbers Bob has given us...
We ALL know that as of 12/31/95 there 15.3 million shares outstanding..
Now, the transfer agent told me in December of 96, that there were 43 million outstanding...But, Bunte said the number is closer to 29 million... Since you and Bunte are buds, lets assume he's right..and the transfer agent was wrong.
So, fact #1: Bunte dilutes our shares and cuts our profit potential in half...But again, not a big issue...cause this ones going to the moon..
Now, to me the real issue arises in cash flow management...
Lets say 15 mil. shares (min) were issued at(lets assume) .10 /share...
Thats $1.5 million worth of stock and Bob still has everything in "the works"
Of course a dicovery like Microsafe (can we still call it that?) well deserves extensive research...remember theres the Veterinary market, Dental, Food processing, Household use, Pool use etc.
Now, with the Aqua Bio 's negligible sales..
Where will the additional capital come from??
Only 50 mil shares authorized..30 outstanding by Bobs account(43 by mine)
Maybe issue additional shares?
Or should we expect a reverse split?
Of course kerry, i wouldn't want Bob to live in a shack either..But with his company so crunched for capital that they had to increase their outstanding shares by 100%...I would hate to see these guys taking lavish salaries, especially since they are so convinced that riches are around the corner...I guess they wanted to concentrate their efforts and not be bothered by mortgage payments...( now theres shareholder value)
And i agree with Eric, i think it was..they should have financed..because when they all cash in on their great discovery, they will need the extra tax deduction!!
So, If anyone is going to dilute my position, they had better damn well prove to me that they are adding shareholder value, that includes justifying the need to raise additional capital as well as expenses.
These are common concerns of any legitimate investor...
I guess there are no qualifications to write financial newsletters...
Just gather some info, say trust me, and when things go bad refer to your disclaimer and say that you are responsible for your own investment decisions...
Michael |
