Post by
drunk@noon on Jan 13, 2021 12:00pm
Unfortunatley they just issued 53 million shares and warran
making fully diluted go from 127 to 53.
Given this and the jump up in shareprice, we are probalby in a consolidation phase.
On top of this, while they talk of rolling out a number of plants with fantastic finacial metrics, they have yet to have even one plant ramp up to full production. I think we are at a show me stage now.
Don't get me wrtong, their is great promise here, put it is time for proof. And along those lines, their is no reason for futther dilution if they can produce as advertised, as they have the funds for two plants to be up and running, with claims of briniging enough money through the door to fund further production.