Thanks Pecanzington. I see no reason for the daz
Post# of 17862
Thanks Pecanzington. I see no reason for the dazed and confused title. The news release by Hollund was excellent, and speaks of more to follow. However, the immediate conversion of Class C shares to Common has the effect of dilution. So why the confusion? I can't think of a single investor who enjoys or relishes dilution regardless of how its done.
On the other hand, if shares are being converted to raise money for a TigerLynk build, then I am fine with that. But this must be clarified, and soon. A statement by the company saying "you should have known this could happen" is unacceptable in light of the company's hype that they were reducing shares. Thus, the question for most investors remains. Is HIMR a share selling scam, or a real company about to reward its loyal shareholders? The jury on that one is still out.
Will HIMR once again reduce shares. Will the selling ever quit? Will the constant dumping result in another reverse split because management played investors for fools?
From my perspective, I see some reason to cut management a little slack, but not much. If they do get a concession or maybe two, will they let the stock price appreciate? Can they? If the company has no money to do anything on their own, and no one will back them or front the money needed to get going, then the selling is likely to continue. I will wait for news to follow in the immediate days ahead before jumping to conclusions. But be warned, the timeline is limited without additional clarification telling investors exactly what they intend to do ---- to us, the shareholders.