Gotta show you guys this post from Ihub regarding LBWR. Right on the money, imo.
siliconinvestor.com
Posted by: twoggle
In reply to: sandintheshorts who wrote msg# 5734 Date:5/11/2008 4:50:35 AM
Post #of 5741
Not that it matters so much what the cash flow was two years ago.... The company's financial statement that was available to the public at the time of Creede's questions (April, 2006) shows that it was cash flow positive. Of course, financial statements submitted later in 2006 show later quarters to be cash flow negative. I don't think anyone but someone selling the stock short would care about ancient history.
There is no evidence from the filings that Dexter was selling shares at the time of Creede's question. There were some shares sold, probably later that quarter. But the O/S has stayed pretty steady:
O/S on June 30, 2006: 139,799,001
Current O/S in IBox: 140,899,001 (almost two years later!)
Float =~ 17 million shares.
Increasing revenue, essentially no dillution compared to almost every other pinksheet company, very low float, moving (slowly) to the OTCBB, filing with the SEC, ungagged TA, and a CEO with many years in the field! Who would be dumb enough to sell their shares now!? I'm buying more!
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