l Almost Posted About What Was News For Today!
I knew it!!! pp 2.5 million for 12 million plus shares--here we go more dilution! This company needs to have way more than 18 million on the books to have this go up to .60 plus. This is ugly to some extent but needed!!! I almost had a post yesterday talking about what would need to be done to offset things--kind of ironic it came this morning! In any case, I will bet consolidation is more than likely--I had said it in the past and I hold strongly to it. Not surprised about this at all I knew this company was burning through money and still is. We literally need volume orders in access of 2.5 million to keep us moving up when financing comes. I think management has been handling things wrong they should have consolidated when they added several billion dollar partners because if we keep going this way you will not offset your revenues to share price all that easily and will be stuck in .30-.50 at best. Time to consolidate so you can at least give yourself to dilute but with fewer shares while becoming attractive to new investors. The revenues have been low while growing and appreciated but you just can't keep going on like this without a consolidation--sorry folks just keep running the numbers this company needs to get with it and be smart!