While it is true that the share count has vastly expanded, so has the company. I agree that the next 2 quarters are key and I’ll watch them closely.

At least they only used 2,035,529 restricted shares and the rest cash and debt. I am very concerned with dilution. There are a lot more shares this year than last. It is much easier to show profits with little or no debt payments. But after dilution it generally kills existing shareholders. Better to take on debt if the pps is lower than fair value. I would only use stock when it was selling at a premium.

At the end of the day they have to put profit to the bottom line to start. Then it has to accelerate if the pps is every going to take off. To me it is the only play in the book that can benefit all shareholders. There are many other plays that benefit management and/or investment bankers. I hope to see this tone adopted by management, but what I hear and read currently is double talk.

I’ll wait through the third and forth quarter which should be good according to management. They should put profit to the bottom. However if they can not constructively do that, I will change my attitude toward this stock.