TSXV:YDX.H - Post by User
Post by
Alpha007on Jul 30, 2019 10:26am
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Post# 29974582
Stop issuing more shares..
Stop issuing more shares..So I'm really not too sure where or what they are doing, whether this is coming from convertible debentures or they issued more I don't know I don't read every piece of material that comes out...but they need to stop. I've seen their outstanding shares grow from 80million to now 92million. As mentioned in my previous post this company needs massive revenue and re-evaluation for the stock price to move anywhere meaningful because of this large load of outstanding shares. Yes it's market cap is still only 7million, but again for the stock price to reach $1 the company would fundamentally need to be worth at least half of that ($50million poured into the stock), which it is not atm, if they diluted their shares to a more reasonable number then a share price of $1 would be more attainable but because of how this company IPO'd and the evaluation it got 10years ago it just is what it is right now