Thursday, November 17, 2005

Eternal Technologies Thesis Revision

Oh man.
Thanks to Steve, here is something really fishy about the stock:

"As of August 5, 2005, 30,679,630 shares of Common Stock of the issuer were outstanding.
As of November 14, 2005, 39,683,407 shares of Common Stock of the issuer were outstanding."

That completely dilutes the value of the company to cash level. Bastards!
I'm going to have a better explanation for this on Friday as I do more research into this.

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