TSXV:SQD.H - Post by User
Comment by
splurgeon Aug 30, 2020 11:01am
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Post# 31476609
RE:SQI has a direct-to-consumer Celiac Disease and Rheumatoid A
RE:SQI has a direct-to-consumer Celiac Disease and Rheumatoid AWe are going to need a lot of revenues guys.
They have 305 mln shares o/s. That is a lot. The board and private investors have funded the company and have issued 190 mln warrants and options an these expire all the way out to 2025 and allow for the purchase of shares most well below the current market value. That could mean almost 500 mln shares potentially o/s and that is before commerciallizing any of their products. These are non brokered private placements which is offerred to only a select few.
Yes they have many exciting products but keep in mind when one says "the test will be 98% accurate" is not the same as saying "the test is 98% accurate". Some of these products are still in developmental stages. Still early days but a lot of shares have been issued to get this fat on top of the debentures still o/s.
This is one of my concerns going forward from this level of share price but of course I also never thought Tesla would be trading at these crazy price levels.
splurge