CSE:CALI.X - Post by User
Comment by
Amputechtureon Feb 20, 2021 11:41am
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Post# 32618662
RE:RE:RE:RE:RE:Volume Way Up Today
RE:RE:RE:RE:RE:Volume Way Up TodayHi,
Last raised through debentures was at .15$. Fully diluted float will go from 190M to max 210M. Not the end of the world, although it does look self-serving. It's not like this stock's been jammed in the low under .10$ for 2 years because of that. And I'd rather have half of the shares issued in the hands of management, as I don't recall any of them selling a single share since it went public.
The big question is whether or not that money is spent in a good way. Nothing wrong with adding a new royalty agreement/vertical business to the porfolio. I do hope they don't invest in a start-up. Takes way too much time (see QVI, CTI, EzGreen).
There is something else behind the huge volume spike of recent days. Probably new investors coming in, which won't hurt the SP in the medium-long run.