RE:RE:RE:RE:RE:RE:RE:RE:RE:Where Are All The Institutional Buyers?A lower amount of outstanding shares doesn't cause dilution. A company can do an equity finance if they have a billion shares or a trillion shares. The number of shares doesn't prevent them from doing a financing.
Heavy debt doesn't cause dilution if the company generates enough cash to service the debt and eventually pay it back.
A money losing company does "rinse and repeat". When they turned around to be profitable, there is no need to repeat.
I'm not the only one who voted yes. An overwhelming majority of shares voted yes.
And i'm not defending what they did in the past. Obviously they lost money in the past. I'm not investing in the past. I don't have a time machine to go back in time. i'm investing for the future.
If you hate this company so much, why are you even here?
Sounds like a battered wife who doesn't want to leave.
Highwired7 wrote: The thing that leads to dilution after dilution is not directly the R/S or share price, it is the new lower amount of outstanding shares and heavy debt, hence the "rinse and repeat" meme. In a conference call last year, a caller directly asked if there was future consolidation in their plans and the answer was NO. If a R/S truely was irrelevent you wouldn't be one of the few here defending them.
Already said before, there is nothing preventing companies from diluting if their share price is under a dollar. They can just as well dilute at 2 cents a share. Reverse split isn't the cause of dilution, the company losing money and needing cash is the cause of dilution. When will people get it through their thick skulls that reverse split is irrelevant?
In the conference call they already said they didn't need to dilute to pay the 2018 debs when it comes due.
Read more at https://www.stockhouse.com/companies/bullboard?symbol=t.gcm&postid=26228554#pwj91dRFtv134cZI.99