<<Only interesting news coming form the CC was that there are about 5.8M diluted shares outstanding, not 4.86 as is indicated on Yahoo >>
This is extremely interesting. I'm under the distinct impression that their last SEC filing showed 4.86 million shares outstanding. Does anyone know if this is true and, if so, did they explain about why they issued the extra shares? Normally, I'd just shrug this off, but my confidence in these guys' honesty is, er, strained by the events in the past year or two.
Does anyone have an explanation? Aren't there still pending class action lawsuits? You'd think they'd be careful, but you can never tell and, like I said, the company can hardly complain about not having the shareholders' complete confidence. If management/insiders voted themselves a million options recently, or bought shares after merger talks started, I think we need to find out about it BEFORE any money changes hands. |
