{{{{{E'Lane}}}}}
I am truly sorry that that HUG was not earlier in coming.
It is a difficult situation when you have been entrusted with private information that is expected to remain private. It is difficult when you are being made out to be a liar and cannot adequately defend yourself without betraying that trust. And all of this because you could not let a statement that is false stand as if it were truth...
I think it is falling because of all the stock Chin just sold....
exchange2000.com
Like you, I have no knowledge of anyone in attendance at the meeting saying that Mr. Chin had sold his stock and like you, I have been privvy to several (all?) of the reports, in one way or another.
Furthermore, though it is not anyone's damned business what someone else does with their finances, I have only heard of continued holding or buying by those that have received the information - and there were plenty of those affirmations to go around.
E'Lane, nobody who has taken the smallest amount of time to find out what you are all about could believe that you would act in a deceiptful or under handed manner. Hell, we co-founded Benji on the principal that any information that we uncovered via third party sources would be shared. We have done that in spite of some of it not being all that grand. You have done that knowing that your wallet could (would?) be hurt by releasing that information.
So why is it that when you try to uncover an untruth (as far as anyone knows), the tables are turned such that you are made out to be the bad guy? I can't answer that question, as I just don't understand why myself.
Now... to the point of Street's posts. There is quite a difference between Mr. Chin selling stock and the company selling stock. Both would result in an effective dilution of the float, but the entity doing the selling can give one a hint as to what is happening with the company.
According to United Stock Transfer, Inc., as of today, March 9...
Shares Outstanding: 19,996,348
Shares Restricted: 11,393,041
Shares in Float: 8,603,307
Compare this to the figures I posted back in October:
exchange2000.com
Shares Outstanding: 19,083,547
Shares Restricted: 11,643,541
Shares in Float: 7,440,006
The bottom line is that 1.16M shares have been released to the float via company sales of shares and the release of restrictions on some of the stock. That may explain an awful lot about why we have seen price erosion recently. But, since I don't know the timing involved in when the numbers changed, that would be pure speculation.
The fact that the float has increased may alarm some folks, but that fact alone gives no real indication of what is going on with Digitcom. Of course, we will see some folks saying it is the death knell for the company or that they a only in the business of printing shares. There are also folks that might say that the company needed to raise capital to pursue their plan - and I might be one of those. :-)
In any case E'Lane, just think back to just a few days ago and a request for a hug... :-)
I think the response was overwhelming... would you disagree???
Lazarus, thinking twinly thoughts |
