Is anyone else concerned about major dilution like me?The last time I checked, about 10% of AMKs FD share structure was in the form of options that were all exercisable at .20c and less. This seems to be how management is primarily paying themselves.
With fully diluted shares outstanding of approximately 480 million, which could technically be actualized in the near future, I worry that the dilution could become considerably more before any meaningful catalysts push the SP higher.
The CEO sold 450,000 shares according to SEDI in the last week. Now I'm sure that's less than small potatoes as far as his position goes, and I know management has to put food on the table in the meantime, but it's still a small piece of circumstantial evidence that lines up with my above concerns.
I bring this up because there seems to be an idea that AMK is the cheapest way to get exposure to TC and that it's a "free ride"... Well, free doesn't mean you get to sit in the front seat with the air conditioning blasting at a comfortable 72 degrees. As far as I see it, TUO is in the passenger seat, TUD is driving, and AMK is tied up in the trunk blindfolded feeling all of the bumps and sharp turns with an oxygen mask on it's face hoping it doesn't run out of air before TUD gets to the destination.
Even with TUDs now approximately 250,000,000 shares outstanding after the closure of the PP, AMKs full dilution is still almost double that of TUD, while TUD still has three times the stake in TC... I'm not sure how that equates to AMK being a more likely 10 bagger than TUD or even TUO for that matter. If someone would like to chime in with their take on that, I would be most intrigued.
Anyway, I'm not trying to knock anyone as I am diversified accross all three of the amigos, I'm just trying to keep my optimism balanced with my usual liberal amounts of skepticism.