King...
with the attracting new investors thing most investors look at share structure before buying and many would turn away at 4 billion...
I agree, for some... but most "investors" looking at a penny stock, most likely will look at the PPS trend, and can they make a fast buck. If the PPS was climbing, and the charts looked good... the company could have 20b shares and if they still thought they could make a quick buck... they would be in. (IMHO)
just don't like how they did it one bit, increasing astronomically at a time when revenues still haven't kicked in on the Q...
There is also a thought process of grouping all your warts on the same Q to get them out of the way. Why ruin a perfectly good Q showing great profits, with a share increase. This Q, although good compared to the last, still left room for more profits. Why not get this action of share increase out of the way now, so as not to detract from the next Q report... which will likely be much better than this one. Its a theory... only Steve knows the why behind his actions of doing it now. If it were me advising on timing though, I would suggest now rather than later when you want your Q to really shine.
I tried... briefly, to compare ICPA Authorized Share/Outstanding Share ratio to other companies but could not really find the data easily. Does any one know where this data could be had? It would be interesting to see how ICPA A/S ratio compares to other companies in their class. Perhaps its not that out of line. Even if the results are not flattering, it still wouldn't guarantee ICPA's demise.... it all depends on how they manage the shares that counts... IMHO of course.
