Dilution has an effect. Ignoring it is clearly wrong. Shareholders each lost approximately one third of their stake in the company because of these deals.
Also, you've based this on gross profit. The problem with this is that overheads are substantial, particularly in a business like this. Some of these deals had no profit in them. Some of them had a couple of thousand dollars. If these deals took a couple of JK days to put together, then they are a net loss. Even if they are a minor gross profit.
ISX Price at posting:
$1.07 Sentiment: None Disclosure: Held
