Share outstanding or authorized is 100,000,000
I got that from a call this morning, out of the 20 million shares out are out, insides hold 9 million. shares are being used to fund buying companies and projects, I asked were it will stop as far as shares out and said hoped at 25 million. I said this stock would be .22 if they keep issuing shares and IR agreed. said there was some news coming from James Chu, and Price Water house was auditing.
To me he sounded a little edgY and was assuming when he answered, also asked who was on the board of directors now and he said they were reorganzing. So I will hold for now I expect to see any buying dry up, then sell pressures to drive the stock lower based on lack of good solid info from the company , IF YOU ARE READING THE BOARD LIKE I THINK YOU ARE GGNC AND JAMES CHU I WOULD SUGGEST THAT YOU STOP PUTTING OUT MORE SHARES AND MAKE A LITTLE MONEY OR THIS WILL BE UNDER A $1.00 AGAIN. IT IS TIME TO PUT UP WITH SALES AND EANINGS NUMBERS, AND STOP THE UNCERTAIN FEELS AND UNANSWERED QUESTIONS INVESTORS HAVE, IF YOU WANT LONG TERM HOLDERS THEN YOU NEED TO ACT LIKE IT, WE HAVE NO CONTROLL OVER THE 100,000,000 SHARES BEING PUT OUT, YOU DO. IF YOU PUT THEM OUT, I WILL DROP , THERE ARE OTHER COMPANIES I CAN PUT MY MONEY THAT DOES NOT HAVE THAT FLOAT OF SHARES AND THE STOCK WILL RISE WHEN EARNINGS DO, IFYOU ISSUE ANYMORE SHARES WITHOUT NUMBERS TO BACK IT UP THE STOCK IS DEAD IMHO.
MARK |
