Well, they filed and as I suspected...they are hurting for cash and are admitting they are cranking up the printing press in an EFFORT to survive.
I wonder how many shares have already been printed? I wonder how many more will be and where they will go....It is also going to be very intersting to see if any insiders have sold a single share since this fiasco started.....but, the bottom line is now official as per their legal filing.....they do not believe they have enough cash to survive another 12 months and will be relying on non shareholder friendly means to TRY to raise capital.....what does that mean? Throw the share structure out the window because they are breaking in that new printing press, imo...
I wonder just how much they will dilute this? Opinions? Good luck tomorrow...busy day, so I will be unable to watch....I suspect this will pop UP as many will see this as a good thing....but the fact is we now know they are hurting for cash, even with macros numbers, and in the longer term, this is not good...I sincerely hope it goes up before it goes down, allowing 'trapped' longs to sell at a fair price...but with knowing there will be possibly massive dilution and they still may not survive...I for one dont see many long term buyers intersted in holding this...flipping it? Sure...but why hold something that may pr anyday they are going under and why hold something when we know there will be dilution and possibly alot....Now, if they were diluting for reasons that will benefit it long term, no prob...for instance, if they had to dilute so they could aquire a kick butt company, GREAT...But they are diluting just to survive and even state, they will try to raise the necessary capital to survive but may not be able to......Whats your opinion on the filing? I'll try to chek in later tomorrow...and again, longs may not believe this, but I DO HOPE it goes UP, before it goes down...I DO NOT like seeing people lose money.....hopefully enough people made profits already so if this does go under, they wont be hurt at all....but what about the people that bought in late, after the fiasco, at prices between .15 - .25? I feel very bad for those folk and that is why I hope it goes UP, therby lessening the losses for many that got suckered by the pumpers..... |
