Affect of NCIB?By issuing 66,666,667 new shares???? NCIB proposes to issue 17 million shares and reduce shares o/s because management feels shares are undervalued. Ok
So now we issue 66,666,667 new shares for EV company with no projection as to when earnings might be anticipated? 66 million new shares.
So now with acquisition we have 404 million shares o/s even after full NCIB.
With NCIB WE reduce our cash by by approx 2.3 million.
We expect purchasers of shares in undervalued company DM to be purchased at greater than .14 cents and are investor of shares paying 10 million dollars for EVcompany. ???
DM by purchasing ev company for10 million is competing in a world of giants with trillions being spent on EV. I hope we have vision to compete in this trillion dollar market against major industrial giants.? Do have staff,engineers, research centres etc to compete?