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FLINT Corp T.FLNT

Alternate Symbol(s):  NWPIF

FLINT Corp. is an integrated provider of upstream, midstream, and downstream production services. The Company’s segment includes Maintenance and Construction Services and Wear Technology Overlay Services. The Maintenance and Construction Services segment is a fully integrated provider of maintenance and construction services to the energy and industrial markets. It provides maintenance services, welding, fabrication, machining, construction, turnaround services, heavy equipment operators and a resource/labor supply. The Wear Technology Overlay Services segment specializes in the supply and fabrication of overlay pipe spools, pipe bends, wear plates and vessels for corrosion and abrasion resistant applications across various end markets. It provides maintenance, turnaround and construction services to the energy and industrial markets, including oil and gas (upstream, midstream, and downstream), petrochemical, mining, power, agriculture, forestry, infrastructure, and water treatment.


TSX:FLNT - Post by User

Post by Bananahangeron May 25, 2021 8:34am
223 Views
Post# 33258789

Dilution

DilutionI wish someone on this board who understands corporate finance would explain this bizarre provision in the financial statements that would allow the number of common shares to more than double and then later if the shares hit 30 cents the number of shares could skyrocket. I have never seen such a provision. Is this likely to happen? What would the effect be? Would the value of the shares drop a corresponding amount? Nobody talking about this but is this what is keeping the share price under 10 c?
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