anyone else but Brian that RG has explicitly stated we are going to use shares to possibly make an aquisition? To make matters worse we have apx. 20M treasury shares with an average price of 60 cents. Taking this thing to 500M shares IMO would be absurd especially at current market prices. I dont know why RG is so hell bent on aquiring with the unissued/treasury shares. If we dont have the resources why not wait until we do. If a deal comes up thats too good to pass up I would rather them take on debt and write off the interest than issue sub 20 cent shares. We are talking around 30% dilution!!! IMO all current shareholders should be concerned as it will effect everyones position.
I really do think RG is the best CEO we have had in over 10 years, however, I strongly disagree with using equity for M/A at least for near future.
dot