I, too, am concerned about the growing number of outstanding shares. This number seems to be growing weekly. I understand, acquisitions through share issuance is not a bad idea. But Ira is now issuing shares for advertising expenses and exposure. That's not bad either, if kept in check. I feel it is getting out of hand now. If Ira does an article in Money World, the price will be more shares issued to Money World. This reminds me of a stock MILK. They hyped and promoted themselves everywhere at a huge cost to shareholders. Shares were issued for every expense and the company had limited sales. I'm not saying FAMH is MILK, but, the similiarities are close. All the articles in Barron's were paid for. We have no accountability of the issuance of these new shares. That's the reason we haven't budged . Plain and simple. These shares are hitting the market. Ira wants to grow very quickly and I hope we attain our goal, but, there will be a price we , as shareholders, will have to pay. That price is dilution.
Get used to it for now. Famh has to back up all these acquisitions and great PR's about increasing revenues with REAL NUMBERS. If that doesn't materialize , we've footed the bill. But, I'm optimistic of our investment. It won't be as easy as some people think. |
