RE:RE:RE:I love a bargain, Atlas is cheap, profitable and growing On December 31, 2021, there were 57,750,730 shares outstanding, there were 2,712,500 options outstanding and there were 12,148,019 warrants that could be transformed into shares. Potential number of shares 72,586,249.
On February 8, 2022, 2,102,819 warrants were exercised and 10,045,200 expired.
Since January 1, 2022, Atlas has purchased 1,846,500 shares at an average price of $0.57.
On January 4, 2022, Atlas issued 450,000 options at a price of $0.60.
On April 22, 2022, Atlas issued 200,000 options at a price of $0.64.
72,586,249
-10,045,200
-1,846,500
+450,000
+200,000
61,319,549 Fully diluted
As an investor, it is preferable to own a company that redeploys existing cash generated from operations to acquire equipment, to do research and development or to purchase a competitor or a new business, than a company that issues shares to fund growth. Unfortunately, there are only a handful of companies that do not issue options or warrants.
In its latest acquisition (Hi-Tec), Atlas did not issue any shares.
Atlas is sending a mix message. On the one hand, Atlas is purchasing shares, on the other hand, it is issuing shares to members of the Board and to key employees.
There are five board members. As of October 6, 2021.
The CEO owns 7,593,059 shares or 12.5%.
One Director owns 219,300 shares.
One Director owns 237,350 shares.
One Director owns 1,510,079 or 2.5%.
Another Director owns zero shares.