"What is wrong with using the revenue earned from operations at a 90% gross margin."
They don't have much revenue yet - look at the latest 4c. It takes them time to implement.
Regarding CR's, most are bad because most penny stocks are bad. But if a business is really growing, then it can speed up returns for shareholders in the short to medium term because it can be used to accelerate company growth. Of course, in the long-term it dilutes. So it's a trade-off. Another issue is that if it is for land grab to get ahead of competitors or technology changes or changes in market dynamics, then the dilution issue is irrelevant because it's a necessity.
GSW Price at posting:
$4.00 Sentiment: None Disclosure: Not Held
