Posted On: 09/28/2016 10:32:54 PM
Post# of 96869
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Geez another ten million share dilution no wonder ntek went down as low as .022. Seems like when all the longs rush in to buy lower and lower shares to push the pps up its met with another round of stock sells. It was reported in a previous shareholder letter than one of the reasons for r/s is to have more shares to also reward their employees for their loyality and hard work. Since the value of the stock is at so low they had to make employees feel better by giving them more shares so they don't feel like they're losing out. It would be interesting to see how many shares have been distributed to the officers and employees at expense of their shareholders. I'm not against rewarding workers for success but has the company been financially successful yet. If so the massive dilutions killing the pps would not have occurred.
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