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Message: Re: Some Fully Diluted numbers for you guys. . .
2
Nov 11, 2007 03:54AM
2
Nov 11, 2007 04:38AM

My home site is tradingchief, and believe me, I know lots of people loaded to the hilt with FNC. Anyone that wants to talk to Peter Smith and needs his phone # let me know. A very intelligent, interesting gentleman to talk to.

Many people have asked me, if the story on FNC is so great why are the insiders selling? Well people, let me tell you, Peter Smith runs a tight ship. He doesn't believe in diluting his shareholders stake in the company so this is what he has done. The insiders are selling off a whack of their shares to take down the 1.5 million options that were granted to a few insiders, the price is at $1.90. This is a way for the company to raise $3 million and not suffer a whole whack of dilution. Pretty damn smart if you ask me.

After seeing how BMK stiffed their shareholders with that $.40 flow through PP, its pretty refreshing to see a Pres of a company take care of his shareholders.

Al

2
Nov 11, 2007 12:32PM
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