Post by
postie1 on Jan 16, 2023 3:28pm
Will VM increase PP again?
Based on the first substancial increase and there still being a few days left, I wonder if the size will overshoot the target again, It does say in the release VM can increase the size of the PP. Plus they seem to be intent to reward the small guy as they are willing to help to make things happen. The math is just too good not to do what it takes to help yourself if you are eligible. Not too often you can turn X into X+ plus the warrants.
Comment by
WarrantOfficer on Jan 16, 2023 4:27pm
I have pondered the timing of the PP.. With institutional financing news for 50M within a couple of months, why dilute the company 30%?
Comment by
whitenorth72 on Jan 16, 2023 7:05pm
I see the management as a shareholder that has vested interest in keeping the dilution to a minimum. Like Bigdawg said, they have bills to pay so it's inevitable that moves have to be made to keep this project in motion. Keeping a healthy float looks way better when shopping for debt financing. I will be sticking around for that first dividend and that's when I know we made it.