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Technology Stocks : ACII - AmeriChip International, Inc

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From: rhoshariasha4/14/2008 5:04:18 PM
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Sorry to sound negative about the letter to shareholders, but I didn't see 2 issues addressed. Maybe I missed them.
1) Dilution. This is a serious problem that should've been addressed. If the company continues the rate of dilution, it means the company has no faith that the stock price will increase much. Why would you give somebody 5 million shares (just a random figure) for services worth $100,000.00 if you expected the pps to raise to $1.00? These are all just random figures.
2) Another r/s. They mentioned going to nasdaq again. I can't see it unless there is another r/s. Way to many shares out there.
Other than that, most of the letter is a rehash of p.r.s
Sorry to sound negative, but that's how I see it.
All my opinion,
Shane
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