(Total Views: 692)
Posted On: 06/04/2021 5:46:03 PM
Post# of 148908
New 8k out - my take.
Basically looks like from 4/19 through 5/24, 7.5 million shares were given to satisfy various payments under the July 2020 Note and the November 2020 Note.
As I've said in the past, I'm perfectly fine with minimal dilution (this is just over ~1%) in order to preserve cash (cash is king) to get us through all the trials and keep us where we need to be until 8-k worthy revenue hits our books.
Technically speaking, even if this were five-fold, aka ~5% dilution, that means a 5% hit to the company stock price. Aka from $2.10 to ~$2. Or instead of $150 stock, it's $142.50 stock. I'm not alarmed in the least.
Btw, revenue would immediately put a stop to this, enable paydown of debt, and over a longer period of time, buybacks to reverse all the above.
No worries here, enjoy the weekend. I'll look at this investment in 5-10 years and enjoy all these old posts with a glass of ohm20's private vineyard special wine on Respert's boat.
If I'm wrong on my take, happy to be corrected, just the way I see it...
Basically looks like from 4/19 through 5/24, 7.5 million shares were given to satisfy various payments under the July 2020 Note and the November 2020 Note.
As I've said in the past, I'm perfectly fine with minimal dilution (this is just over ~1%) in order to preserve cash (cash is king) to get us through all the trials and keep us where we need to be until 8-k worthy revenue hits our books.
Technically speaking, even if this were five-fold, aka ~5% dilution, that means a 5% hit to the company stock price. Aka from $2.10 to ~$2. Or instead of $150 stock, it's $142.50 stock. I'm not alarmed in the least.
Btw, revenue would immediately put a stop to this, enable paydown of debt, and over a longer period of time, buybacks to reverse all the above.
No worries here, enjoy the weekend. I'll look at this investment in 5-10 years and enjoy all these old posts with a glass of ohm20's private vineyard special wine on Respert's boat.
If I'm wrong on my take, happy to be corrected, just the way I see it...
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