Just to clarify (or beat a dead horse), NP did NOT
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Posted On: 05/13/2020 7:15:37 PM
Just to clarify (or beat a dead horse), NP did NOT say they were going to issue 100M new shares. He simply stated that they would increase the authorized share count by e.g. 100M.
The former would be dilution and terrible. The latter is ordinary, expected and probably required business. The company needs the A/S count headroom. The role of mgmt and the BOD is then to work to use as little of that authorized headroom as possible -- or not at all if the stars align.
I'd be willing to bet they increase the A/S count by 100-150M (requires shareholder approval). But that they will continue to issue shares at a small drip like they have for the past 9+ years that I have been in the stock. The only caveat would be if they do a secondary offering coincident with an uplist. Which I would be fine with as well, presuming it is done with the right institutional investors.
The former would be dilution and terrible. The latter is ordinary, expected and probably required business. The company needs the A/S count headroom. The role of mgmt and the BOD is then to work to use as little of that authorized headroom as possible -- or not at all if the stars align.
I'd be willing to bet they increase the A/S count by 100-150M (requires shareholder approval). But that they will continue to issue shares at a small drip like they have for the past 9+ years that I have been in the stock. The only caveat would be if they do a secondary offering coincident with an uplist. Which I would be fine with as well, presuming it is done with the right institutional investors.
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