TSXV:YDX.H - Post by User
Comment by
infinityholderon Jul 30, 2019 10:34am
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Post# 29974628
RE:Stop issuing more shares..
RE:Stop issuing more shares..What's your expected timeline of the company reaching $1? I agree, its not there now... that's over 1000% price appreciation. The concept of investing in a venture company is that it isn't a mature company... or else you'd be paying $1 instead of paying $0.08 and then one day selling at a $1.That's the risk of the TSX.V companies.
Don't get me wrong, it sucks when companies issue additional shares since we get diluted.. but remember that its a mechanism for the company to growth their business and future earnings. Would you rather 16% of a 10m company, or 8% of a 100m company?
If you believe they'll earn take the risk.. of you're worried about share dilution, the venture exchange may not be for you
Alpha007 wrote: So I'm really not too sure where or what they are doing, whether this is coming from convertible debentures or they issued more I don't know I don't read every piece of material that comes out...but they need to stop. I've seen their outstanding shares grow from 80million to now 92million. As mentioned in my previous post this company needs massive revenue and re-evaluation for the stock price to move anywhere meaningful because of this large load of outstanding shares. Yes it's market cap is still only 7million, but again for the stock price to reach $1 the company would fundamentally need to be worth at least half of that ($50million poured into the stock), which it is not atm, if they diluted their shares to a more reasonable number then a share price of $1 would be more attainable but because of how this company IPO'd and the evaluation it got 10years ago it just is what it is right now