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Posted On: 08/31/2020 2:55:01 PM
Post# of 82676
While there's only 20M shares outstanding, now, dilution is ongoing. And the upcoming $2.5M capital raise will add many more shares. Also, if the share price ever gets to $1, those of us who bought pre- r/s, actually need it to get to $500 to compensate for the difference.
One strategy that I might suggest to people, like myself, deep in the hole is this: right this minute, share price is at .0166, so 50K shares would cost $830, which is probably a minute percentage of the total that people are down and can be pretty much ignored going forward. That way if it ever does get to $1, most will be able to recoup their entire loss here.
Unless of course, we encounter an additional r/s, by chance, in which case never mind (in retrospect) and apologies.
One strategy that I might suggest to people, like myself, deep in the hole is this: right this minute, share price is at .0166, so 50K shares would cost $830, which is probably a minute percentage of the total that people are down and can be pretty much ignored going forward. That way if it ever does get to $1, most will be able to recoup their entire loss here.
Unless of course, we encounter an additional r/s, by chance, in which case never mind (in retrospect) and apologies.
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