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Guestlogix Inc T.GXI.R



TSX:GXI.R - Post by User

Post by jazzlistener2on Nov 13, 2013 6:08pm
292 Views
Post# 21903617

more share dilution

more share dilutionanother 9 million shares outstanding, maybe more.  market price today was 1.18. new shares will be issued at 1.10.  expect the market price to come down to the same level.  You would think on the 3rd quarter conference call, management would have mentioned it. Just an oversight, I doubt it.  Makes you want to hold your nose.  gxi has become a short term sell till the price adjusts.
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