Investment Questionsi am currently considering rebuilding a position in BKI. I have some questions and I am posting on this board in the hope that informed investors may be able to share info valuable to assessing retail investor risk to return. Here are questions in no particular order. Thank you in advance for any responses.
Share structure - What is the total (fully diluted) shares out? I found the deck very big on selling me the project and what financing could look like at 50,000 feet but not explaining the current share structure or financing share structure.
Forbes Manhattan - I am vaguely familiar with the history and concerns voiced in other previous investments relative to their business model. Can anyone share any companies that they have been involved in over the past 5 years that have actually reached financing and production.
What is stopping FM and insiders from issuing themselves more shares to sell into 2021 hyped momentum (for a profit of course) so they can then accumulate and sit on warrants? I believe this is their usual pattern. If I am mistaken I apologize.
The PEA clearly looks great! However why no feasibility study? They have had time and enough capital to complete. Isn’t this the norm prior next step prior to financing?
Why wouldn’t management do a share rollback prior to investing? Happens a lot when S/O over 200MM.
Thank you again for any insights shared.