Good Morning Pitboss,
Well, it would be nice if they had about half the shares they have now, but the outstanding share count of 78,000,000 is not like some of these small stocks where the count is in the hundreds of millions, or worse. Plus, and certainly MORE important, if they have remained positive cashflow or better, if they have expanded their positive cashflow, then there is no reason to issue more shares. Believe me, I have watched that closely because you are right, a continual stream of losses leading to more shares being issued can eventually strangle a company. And quickly, if the price is very low. But if cashflow is positive for a second straight year, then a perception can develop in the market that this company is sustainable. That type of confidence will certainly move any stock, but especially if it gets listed to the OTCBB where investors will at least know that SEC filings must be made.
Also, think about how many shares Pegasus has, approximately, relative to Chimera. I think the last calculation was something like 29,000,000. That is before their latest Equity financing of $1.5 million. But let's be conservative and say they have 1/3rd the shares of Chimera. Ok, well then I think to myself how is it that Chimera is not even at .10!!??! It makes no sense. I believe the reason is poor communications like last year(remember this time last year when the price was around .02, before blasting up to .15?), while Pegasus gets at least SOME press. I tell you, what has concerned me most would be a possibility that they would set up a sweetheart deal with Pegasus to let them "buyout" their stock at an unfair firesale price. Still, mamagement has sworn they will not do that and frankly, the main reason I do NOT think that makes any sense for them is because they presumably still hold so many of their own shares. Why would they want to hurt themselves I ask. Would they not want the big payday too? With a little press, and progress of course, could they not get this stock price north of .10 like earlier this year before doing anything like that?? That is why I have stayed with it, and added shares. Granted, I could be adding alot more shares and have not done so recently because such a drought of news is NEVER desired. Still, I hang in there and look forward to something coming of this within a few days/weeks(?) because that is the way it always seems to happen each year with this company.
Again, risk? Of course. But when I see new sites coming online for Pegasus and being announced in press releases, I say to myself that SOMETHING is happening over there. Can it really be that Chimera has not sold even one more license since May? And what about the licensees signed earlier this year? Did ANY of them come online since the silence began in early May? And how about the revenue, especially the red-hot Poker sector, is it not reasonable to assume they have built on that since last year--when we know they had momentum? But again, if these were all "sure things" then we would not be talking about a price even close to this, so we will see. I don't thinit will be long now.
Even if they have had to be silent because the OTCBB filing, the SEC will not take forever to look over their books.
