Collin,
I share your concern and fear that IRA has turned into Johnny Appleseed, tossing shares out there at every business opportunity. I'd like to see an accounting of where they are at and for what purpose they have been given. This comment will draw fire and criticism I'm sure but, it's the way I feel. When I bought in we had a published share count of approx 22M now we are double that. It has caused me to reevaluate my position at this point and going forward.
I understand we are in a critical growth phase of the business
but I believe we should have accountability along the way. I concede
that very positive progress has been made with the Myriad acquisition which is positive for the company and should be for the shareholders
when it is completed. But with the shares being disbursed quicker
that they are being bought back its no wonder we have to do a reverse
merger share give away to a 5M company. Think about that for a minute and ask why does an 80M company have to reverse merge with a 5M company? After the Atrix merger, and we have our split, how long before we are right back up to 50M because of the Italian deal or some other perceived growth opportunity. We need to know how many shares are restricted and what the restrictions are, to enable us to make informed decisions and not speculate about why the shares price isn't moving or wonder how many are in the float from week to week or month to month.
Why haven't we seen 97 numbers? Because of some arbitrage game? Sorry, I don't buy it! We have no proof that the IRS saw them, Myriad saw them, or Atrix saw them. Only logical assumptions that the company numbers were looked at by these group. I don't believe the company is a scam or that IRA is an evil swindler. But, I do call for those numbers.
If they are, as many seem to concede, already to old to matter, all the more reason to show them. They are meaningless. Show them. Show how we have grown! Convince me we are not going to wake up to find out something went astray and it wasn't all a bad dream.
Still holding because I want to believe not because I have the facts. As we get bigger, the questions asked of the company get tougher.
Kevin - reflecting candidly on an Easter afternoon.
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