Aatkinson-
<,,, please be more specific; that is if you can get beyond the sophmoric (sic) namecalling.>
"Sophmoric" is not a word Aatkinson - and it is you who cannot seem to get past the "sophomoric namecalling"! Give it a rest! I promise not to call you any names if you promise to stop writing words you cannot spell. I guess you'd have to shorten your posts,considerably.
I have read any number of your previous posts...You have made allusions to improper bookkeeping and poor management...Never once have I seen any shred of evidence being proffered.
Your "issue" regarding capitalization is noted. You have a right to your opinion...but that is all it is. The stock had significantly risen before the offering and some $70 million in cash was raised which has allowed this company to grow its earnings with very modest debt. You apparently would have preferred that the company wait until it was significantly overpriced so those who helped to capitalize the company paid dearly for the opportunity to own...(different classes of shareholders, huh?)
< Furthermore, debt should be considered for part of any capital allocation, since the cost of equity usually exceeds the cost of debt - which I'm sure you know, don't you?>
Capitalization versus debt is a management decision made after considering more variables than the company has shared with you.
Frankly, if your posts are going to have any value on this thread they need to be more open-minded. I don't frankly care whether or not you are a shareholder, but I, for one, would like to see fewer platitudes...
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