RE:RE:RE:RE:Bedrocan Announces Q4 and Fiscal 2015 Year-End ResultsYep - that's the way I see it too. PP, financing and so on are now on the table.
I had a low ball bid in for the mid .60s before this NR, I pulled it and put another one in for the high .50s. Not being pessimistic- being very optimistic to average down even more- I want cheaper shares. Long holder since day one. I expected this dilution to happen.
Will see how things play out when the bulk of the other investors see the news. Next quarter when domestic production and revenues are captured should be better.
TechDrive wrote:
Equals dilution,
"The company's anticipated level of gross expenditures and of remaining commitments, including additions to property and equipment for the next 12 months, is expected to exceed the company's cash and short-term investments on hand as of Jan. 31, 2015, and as such, management's view is that the success of Bedrocan is dependent upon obtaining additional financing for its capital additions