SI
SI
discoversearch

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.
Technology Stocks : ACII - AmeriChip International, Inc
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: nwest who wrote (1283)3/1/2008 4:22:52 AM
From: rhoshariasha   of 2396
 
This may shed a little on why people are freaking out. This is from post #355:
"Since LACC is now generating revenue, David Howard must be paid according to the original agreement made in 2003. It appears that the majority of dilution this quarter was used to pay David Howard his royalty for the past four years. It has not been used for operating expenses, like the dilution via S8 that we've seen the past couple of years. This looks like a one time thing to clean up four years of no LACC revenue. It still looks like the $10k monthly royalty fee must be paid, that should be manageable now that revenue is coming in."
And also from the same post:
"From the end of 3Q (8/31/07) thru 10/15/07, it looks like ~5M shares have been issued to take the O/S to 160M, we won't see what those 5M were for until the 10K."
This guy that posted on R.B. about the CAT contract and the o/s count was close on both, but still not 100%, so I don't put 100% of faith in his/her posts.
What is the excuse for giving out about $1,600,000.00 worth of shares? Is there no income being generated by LACC?
What will be the excuse if they do it again? They left the profits on a table and the dog ate them, so they had to shell out more shares?
Shane
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News