Medical Industries Of America, MIOA Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Medical Industries Of America, MIOA

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jones who wrote (173)	5/29/1997 6:41:00 PM
From: Jones	of 570

I just read the 14a from Edgar Database. The company want's to increase total shares to 60,000,000. This is great for the company so that they can acquire facilities with stock. Lot's of room for expansion. However, this stinks for current shareholders. Extreme dilution and dificult to post big-time earnings. For example, with 60,000,000 shares - This quarter's earnings would be less than 1 cents per share!!! Great for the company. Horrible for shareholders. With this many shares outstanding to come, I think it would take at least 18 months to bring any serious earnings. I am watching this thing very closely as I did not expect the number of shares to increase by 4000 % I was orginally thinking maybe 15,000,000 shares total. Any thoughts? Jones

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next