The share overhang will expand rapidly as the stock price continues to fall with the steady flow of dilution forcing the share price lower. Expect 40 million shares of dilution hanging over the stock by mid 2013 forcing the share price lower until it hits 0.
Current monthly dilution is 50,000 dollars or 625,000 shares. This number will increase as the stock falls adding significant downward pressure on the share price.
Add to the already 26.5 million shares created to pay bills and the 40 million could be a low estimate.
DRAPER, Utah, Nov. 15, 2012 /PRNewswire/ -- Flexpoint Sensor Systems, Inc. (FLXT) today announced total revenue of $13,837 for the third quarter ended September 30, 2012. This compares to $18,616 in total revenue during Q3 2011.
I don't think EXPANSION is the word that describes the revenue figures. PATHETIC seems to fit a little better.
How do you keep a straight face posting on this board.
FLEXPOINT reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. During the past fiscal year, FLEXPOINT SENSOR SYSTEMS INC continued to lose money by earning -$0.05 versus -$0.07 in the prior year.
Its price-to-book ratio of 0.61 indicates a significant discount versus the S&P 500 average of 2.18 and a discount versus the industry average of 1.93.
FLXT 0.61 Peers 1.93.
Discount. A lower price-to-book ratio makes a
stock more attractive to investors seeking stocks
with lower market values per dollar of equity on the
FLXT is trading at a significant discount to its peers.
"It looks like the only assets left now are the patents. Without the patents, the company has little tangible value. It will take a nice contract to stop the slide down. I hope Clark pulls it off before they are forced into bankruptcy."
I think you said it pretty well a few months back.