Sorry for foul words Perchy - seen em fly on here
Post# of 45510
Sorry for foul words Perchy - seen em fly on here so i thought it was OK in moderation. Thank you for mesaging me to let me know. I would love to hear from some other regular posters on how they are feeling right now, we have all been in this together for a long time. When a company doubles the A/S, even though those shares are not outstanding and are just authorized, I feel that they instantaneously cutting the value of the company in half, and then that sentiment continues down. All i have ever seen is companies that do this is go to the triple zero's. I don't think ICPA can go to triple zeros because there is too much substance to it with the TV shows, deals, TV network, but I do think continuing down is going to happen because that many shares is just trouble. Whether a company "thinks" it is good or not it scares investors because their dollar is now buying such a small fraction of the company. OK here is the previous post with swear words removed.
It is worse, everything was exactly how i expected until the 4 billion authorized shares. Unless they have some news about getting some financing by this tactic Steve speaks of to try to justify the increase (getting better financing by having the O/S further away from the A/S) then this is worthless. How could he defend the 2 billion authorized shares for months, earn people's trust and endorsement in having the high number of shares (2 billion) and then DOUBLE IT? If he wanted the A/S further from the O/S why not just go with 10 billion? Or 8 billion? who the heck cares?
I would like to see Dynomite or Joey weigh in since they have a lot more shares than i do and have been adding bid support etc. To buy all these shares to be a big part of what we think is this great company and then they just double the shares by adding 2 billion? Hey the Perchy's, Dynomites, Joeys, all bought all the shares guys what should we do!?! Oh lets just add another 2 billion! Yeah that sounds great! they HAVE TO present us with some new substantial "potential" value here with some game changing news because with what we have we are in deep trouble. EVERY COMPANY THAT ADDS BILLIONS TO ITS AUTHORIZED SHARES CLAIMS IT WAS IN THE BEST INTERESTS OF THE COMPANY. THEY ALL DO THAT. .