But there was no dilution, according to what hes s
Post# of 22940
Posted On: 02/10/2016 8:16:46 PM
Re: smartmoney #2549
But there was no dilution, according to what hes said so far.
He was given OS count sometime in December. After retirement of shares, he subtracted amount retired from quoted OS and released this as being the current OS. He continued with buyback, subtracted more from the wrong number he had been using, and updated OS once more on Jan 13. On feb 10, he found out that the number he was provided 45 days prior was in fact several million more, plus whatever restricted shares issued for transactions.
Only thing thats changed is count of share structure and a pretty gross mistake on behalf of ceo. We will have to see a correction in price tomorrow if float is 25-35% higher than we thought. That would put us mid 20s. I see us trading well over $200k tomorrow. We traded about $700k on dip to 18.
He was given OS count sometime in December. After retirement of shares, he subtracted amount retired from quoted OS and released this as being the current OS. He continued with buyback, subtracted more from the wrong number he had been using, and updated OS once more on Jan 13. On feb 10, he found out that the number he was provided 45 days prior was in fact several million more, plus whatever restricted shares issued for transactions.
Only thing thats changed is count of share structure and a pretty gross mistake on behalf of ceo. We will have to see a correction in price tomorrow if float is 25-35% higher than we thought. That would put us mid 20s. I see us trading well over $200k tomorrow. We traded about $700k on dip to 18.
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