I agree Tex. I was not too excited about the Yearl
Post# of 17862
One thing I noticed in the report in regards to the Lonnie Hayward and the preferred share issue is that the agreement was made by HIMR giving up exclusive worldwide rights to the Tigerlynk. Which I think basically means if Lonnie wanted to he could build one for other applications but HIMR retains the rights for underwater logging. I think this was a good deal since the underwater logging industry is more then enough for HIMR to chew on for the forseeable future. Plus if Lonnie is able to build another TigerLynk before HIMR (I think he has enough money from the shares he has sold to do so if he wanted) it could actually be a good thing for HIMR to have an actual Tygerlink built, even if it is not theirs.
Can anyone familiar with the share structure put a number on exactly how many common shares Lonnie would have if 99.5% of his holdings have truly been eliminated? I think this is the main thing going forward. Almost all dilution to this point has been from Lonnie and has not benefited HIMR at all. I don't mind dilution if the proceeds go into building the business or paying off toxic debt, but this has not been the case at all here this last year and beyond. If HIMR is somehow able to buyback a few billion shares before the stock pops and then have several billion shares available at say 0.005, that would give them more then enough to dilute smartly and expidite the Tygerlink build and continue growing the business.