I'm not saying it is. If it were, I seriously doubt they'd up date the o/s on such a timely and regular basis. That, and I'd imagine they could have burned through more shares than they have, to date. But one never knows, and that, as always, is the crux of the problem in Pinkyland.
In any event, I'm getting a tad tired of being told one thing, both public and pvt, with little but o/s creep to show for it since last July, with an overall increase of nearly 42mil shares, post split. In fact, earlier last year I was personally, and proudly, told that the float might even be as little as 3-500K. Now it's what, 26 or 30 million?
But I specified 'since last July' because, in my mind, it gave mgmt 6mos from the restructuring (nice way of putting our taking that 1:250 stiffy in the kiester) to get CW's feet under it. Which, after screwing around in '13, they should've had not only a damn good, but executable game plan in place, in the first place. Then, another 6mos, since them telling us of the audit's commencement, to complete that audit.
I believe that way of looking at it as being more than fair and not much to ask for. Especially considering that even .025 Xs that 42mil share increase equates to $1.05mil, and you can probably double that, if not more. That is, of course, if not too many shares were wasted, altogether. That being a given, it should easily acc't for mgmt not having burned through more shares than they have, as with something that was in the .00 to .000s from inception. So I honestly can't even give them kudos for what's still a relatively low o/s, either.
Sorry Chief, and whomever else reading this, about the rant. But I honestly expected the first PR of the new year to be more than yet another regurgitation of past accomplishments, which are actually nothing more than window dressing, and forward looking statements. Though, in still attempting to be optimistic, I thought that first PR must've been a set up, after the highest volume day since '13, for something great, but nada. Only to find the o/s had increased by yet another 4.5mil on that very same day. That, to me, is adding insult to injury.
As always, just my .02 on the matter, as I see it. So, for everyone's sake, myself included,I hope I'm blind.
Lou
In any event, I'm getting a tad tired of being told one thing, both public and pvt, with little but o/s creep to show for it since last July, with an overall increase of nearly 42mil shares, post split. In fact, earlier last year I was personally, and proudly, told that the float might even be as little as 3-500K. Now it's what, 26 or 30 million?
But I specified 'since last July' because, in my mind, it gave mgmt 6mos from the restructuring (nice way of putting our taking that 1:250 stiffy in the kiester) to get CW's feet under it. Which, after screwing around in '13, they should've had not only a damn good, but executable game plan in place, in the first place. Then, another 6mos, since them telling us of the audit's commencement, to complete that audit.
I believe that way of looking at it as being more than fair and not much to ask for. Especially considering that even .025 Xs that 42mil share increase equates to $1.05mil, and you can probably double that, if not more. That is, of course, if not too many shares were wasted, altogether. That being a given, it should easily acc't for mgmt not having burned through more shares than they have, as with something that was in the .00 to .000s from inception. So I honestly can't even give them kudos for what's still a relatively low o/s, either.
Sorry Chief, and whomever else reading this, about the rant. But I honestly expected the first PR of the new year to be more than yet another regurgitation of past accomplishments, which are actually nothing more than window dressing, and forward looking statements. Though, in still attempting to be optimistic, I thought that first PR must've been a set up, after the highest volume day since '13, for something great, but nada. Only to find the o/s had increased by yet another 4.5mil on that very same day. That, to me, is adding insult to injury.
As always, just my .02 on the matter, as I see it. So, for everyone's sake, myself included,I hope I'm blind.
Lou
