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Microcap & Penny Stocks : EBLD - Entertainment Blvd -- Ignore unavailable to you. Want to Upgrade?


To: Guy. who wrote (2103)4/30/1999 11:35:00 AM
From: Pennyslayer  Read Replies (2) | Respond to of 3838
 
Regarding the financing. I was told that the shares added would not be available to cash in for 1 year. That is a lie. 2,000,000 shares will be added to the float May 20, 1999. I think the $10 million dollars will surely help Ebld with acquisitions, but it still pisses me off to think a company could just add more shares at will and add them to the float when ever they need money. When I bought in the float was at around 3,000,000, it quietly went up to 8,000,000 without notice and now with this deal the float will go to 10,000,000 shares. Im not trying to bitch but I feel somewhat cheated. Im happy Ebld got $10 million but my shares just got dilluted by 20%. Am I the only one out here who feels this way. Don't waste your time by telling me that Amazon and AOL does it.