posted
I like the company but hate the management. The problem is, thats true with most pennies. They have little reguard for the stockholder no matter what they say. I wouldn't be long on this right now. In and out. They just went from a 750 million A/S 600 Million O/S to a 2 Billion A/S and 600 Million O/S.
As long as protection is the reason for doing this to hold off takeover thats fine. But as many pennies are doing, dilution I think is there goal. Hopefully I am wrong.
The biggest problem with pennies is there is rarely a different CEO and Chairman of the Board. The CEO wants to make money and the Chairman suppose to protect the stockholder but when they are one in the same then who protects the stockholder. No one. Well there is a whole board on this stock so why are we starting a new one. DD is abundant on it.
Ric
Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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