lets see how he is going to spin this, or eat his words because like he said R/S is VALUE DESTRUCTIVE and he needs to explain just what is the POSition of strenth he talked about that would be necessary before he considered doing one.
They dilute the stock by almost half then claim we need a R/S. I'm starting to wonder if this 3 ring circus knows WTF they are doing.
Looks like its all self interest to me. NO FUNDS have any incentive to buy this stock (even of ove $5.00) based only on the facts as they exist now.
This was/is a big risk that had the potential to make some wealthy which is why many accepted the risk. Now they want to take that away as well.
Bunsh of self serving fools.
He said it clearly that he will ask for RS only if there is really good and significant news. Tomorrow we'll find out if this guy is a liar or not. It's hard to believe that he want to ruin his reputation unles he is an idiot. Untill then I have to be optimisitic
Then I will expect nothing less than a JV tomorrow. Trial results are not "strength" enough in my book or most people's books to warrant a RS at this time. I officially change my sentiment from strong sell to hold (temporarily).
I was listening when he said this. I think that prognosticating what is going to transpire in the CC would be simply useless, but I am hoping there is a real, articulable purpose for asking for this at this particular moment.
Given what I have been watching since Bill Caldwell passed away, I cannot count on anything Gary says or does, but I don't know if that's because he's a schmuck or because I don't know details of the inner workings of this company (which no simple shareholder needs to know). I reserve judgment.
For the moment, I will remain hopeful that Gary is an honest, sincere CEO,doing all he can in the best interest of the company and its shareholders... hasta manana..