Somebody dropped 466000 shares at 0.11I picked up some of it.
The way I see it: Yes they did print 1 million new shares at 10 cents.
But they also got a loan, which keeps them from printing 3 million more shares.
in the end, 1 million is only a dilution of 1,5%. They might dilute it again in another 6 months but they wont do it every month. This is to me an indicator that dilution will not run out of control.
Weren't there some options outstanding at 12,5 cents and ismt expiry date coming up for them?
I'm a bit fuzzy about this but thought I read it here.