OTCPK:SPLID - Post by User
Comment by
Tinga91on Dec 11, 2017 9:41am
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Post# 27129579
RE:I was curious about the low bid...
RE:I was curious about the low bid...SS76 wrote: As I don't own shares, but had this on my watchlist, the biggest issue I had was the large float and far better opportunities elsewhere (LDS, RLV, NAC).
After reading the latest news, I can see why this would be hugely problematic, but the bigger issue now is that they may need to look at financing at much lower price levels and dilution is going to be a huge issue.
It's not all doom and gloom. They have a deal with Isodiol which positions them well for the future, but the upside is definitely limited here.
Folks, I would stay far away. I think at 0.08 or 0.10 this may be a decent risk.
Don't hate, its just my opinion which some will disagree with.
Valid points. These guys might have 300,000,000 shares outstanding after the next financing.