Just to clarify the Brian/emtnester/wolf post
posted on
Jul 22, 2008 08:55AM
What that was was another c and p of Brians response back to me when I commented on the first Brian posting...which wold also C and P'd
If you want some of my "fud" this is a C and P of my response...
No need for me to retell everything that you've said already but I was thinking the same thing as you were posting it.
I really do appreciate the ongoing communication supplied by RG to the shareholders, of course I also wish there was some "meat" behind the words too...guess I'm hard to satisfy.
I, too, do not want to see additional shares issued at this price or
any where near this price due to the dilution that would occur. Even if he used treasury stock plus cash, the float would be just
increasing to an ummanageable amount.
I also would like to see, as you would I'm sure, some reflection on
any M&A, JV or whatever they plan on, to also include some statement of accretiveness to the company's bottomline. Will these efforts bring in a net positive to us immediately, in the next year or two or three? How much will be have to subsidize any acqusition that we enter into and for how long in the company's estimate?
As far as a strong cash position, even if we went from $20Mm to over 40MM in cash at year end, is that what you and I and most others would consider a "strong cash position" whne it comes to M&A activities?
I hope any effort by the company and it's new IR group yields more investment dollars for our benefit. Of course we all know that the vast majority, if not all, institutions and funds are restricted from even owning a BB stock...at least to any great dollar amount, and if it's a private group I would think they'd want none of the market shares with maybe even some "riders" attached too if the investment was directly to the company till rather than just in the open market.
Once again, I greatly appreciate the communication efforts by RG. I
just wish they had a little more info with regards to any effect on
our bottomline, good or bad, for how long, if a cost to us, and...I
know this is unpopular, but, if we do start using more shares and
increasing our float, does that signal a more intense approach to a
RS and at what level? I know RG has said they have "agreed to
evaluate" it but the more we do M&A, esp. using shares, the more apt we are to see a RS on the horizon and in more of the Q's and letters from RG....I just hope it's after we see a PPS of over a dollar, way over. JMHO