I averaged down today on $RETC. There is just so much dilution but I think its almost over. I hate doing this but lets do quick math. According to the 10-Q in Sept there was $280K in convertible notes but the beneficial conversion amount is $350K. The share count was 150 mil at the time. 662-150 mil = 512 million of DILUTION. The 50 day moving average is .003 but they have a huge discount. In October the conversion were at .0015. So that is 233 mil of dilution that I can account for. So there is 280 mil more that was done from additional notes the were beyond. WE are very close to the end of dilution. we can only get another 50% dilution from here. So if the average is .002 then .001 has to be the bottom. any thoughts?
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