Hi, I'm David Calkins (that's me on the right). I'm in charge of dilution. My nickname's "Dilution Dave". I love my job!!!!!! So does my wife, who gets to bill for all kinds of ridiculous things. The best part is, it's all legal! Well, I have forgotten to files come stupid forms...Ooops.
I reverse split my stock again - 100 to 1 on 2/25/2004. Unfortunately it went from $.20 after the r/s right down to $0.0012 in no time. I don't know why ;) It's got to be the "naked shorts". That's why I included both PCCL and RESG in that naked shorting conspiracy. Boy am I clever.
I love reverse splits. It makes me feel like a real CEO for a few days while the stock isn't sub-penny. I love r/s so much that:
This year, I did it 100 to 1 (and I have to do it a gain soon)
Last year, I did it 30 to 1
The year before that, 100 to 1
The year before that, 4 to 1
And i've managed to use up the o/s every single time! I did screw up and got indicted by the SEC but we won't get into that, since it's pending litigation.