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To: Kashish King who wrote (2554)4/4/1999 6:14:00 PM
From: Cube  Respond to of 5102
 
Rod,

The issuance of shares isn't really linear, it's recursive due to the built-in reinforcement: the dilution drives the price down triggering more dilution. It's a high-gain dilution amplifier with a destructive feedback loop. It's thermal run-away that can only be quenched with a bucket of operating cash to the tune of $47,000,000 in cold, hard cash.

You are correct sir. Linear was a wrong word. By the way, nice job in describing the effects of a floorless in one paragraph. One of the best I've seen.

Cube