And if memory serves me correct the PP we ended up with was very favorable to shareholders. No, the dilution however large or small will come from shares being issued to key management personnel, the great people that not coincidentally are bringing their expertise to the table to build this great company.
DCY,
I really still believe in this company's plan. But it won't change the news that was revealed today.
Let's talk about your supposition that the PP was favorable to us. Hogwash!!! The PP formula was concealed from us for this entire period of time. As much as I pressed for it, most of you wanted me to go away and ignore the possibilities. Reality... we've been screwed. Plain and simple. RG did a deal last year that resulted in a 28,000,000 share company going to a 57,000,000 share company. Now we've gone to a 90,000,000 share, and I hope it goes no further, company.
Paul Henry has been misleading and so has RG been misleading investors with statements made to various individuals who reposted those statements on the threads. We have no clear picture of the PP formula even today. We do have a very clear picture of 90,000,000 shares issued as of today.
James Guild was given 600,000 options at .30 when he was hired. He is President of the whole Enchilada. The other men hired report to James Guild. They did not get more than Jams Guild or they would be President!! James Guild DID NOT get any other equity granted to him than those options... period.
This dilution is from the PP holders selling their converted shares into the float...IN MY OPINION.
Sorry to be so harsh, really, but when I read all this denial, I get angry.
Pollyanna is dead!
sword |
