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I have seen many dismayed comments about the continual issue of new shares to keep the company afloat (and to keep the Chairman in the style to which he has become accustomed) and the continual dilution to current shareholders even without any downward price movement is actually a decline in value per share. In addition everyone wants to see a graduation from penny dreadful to considered investment attracting the interest of institutional investors but that's a function of valuation and rating. Even when there are net earnings the EPS will struggle because of the number of shares and hence the PER will remain just too high.
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