King... just curious... you seem to be asking for
Post# of 45510
King... just curious... you seem to be asking for someone to show you the good in the new share structure, as you think it is currently "absolutely terrible". May I ask you what it is your fear? You say NEW investors may not like it... but to a NEW investor it will be normal. They would be buying in at 4b, not like us increasing from 2b to 4b.
For such a terrible action as you describe, the stock really didn't fall that much, and its recovering somewhat already. Albeit not back to pre-Q... but not still falling either. I have seen a lot of other stocks fall harder and longer on less news.
I'm not sure if you saw my post earlier (#10331), but in it I try to show the benefit in the increase. And... at the time of the writing, Steve had not answered the question of the new shares being added to the float... he has now, and his answer seemed to be a positive one... i.e. to lower the cost of funds, and possibly make acquisitions. Now you either believe him or you don't... that's an investor's call. But if an investor doesn't believe what a CEO proclaims publically, than I doubt share structure would be their only reason for not investing.
No, I'm not a pumper (paid or otherwise), and no, I'm not in love with the company or Steve... I simply think Steve appears to be an honest CEO, I believe the company's business plan has promise, and I believe I can make some money on my investment. I do however realize that this is basically a start-up business (the multi-media direction), and as such it will take some time to realize healthy growth and profitability. In some ways I hope Steve buys another business such as Punch, and is profitable like Punch.