kendon wrote: DMG closed at $0.87. It's hard to believve we could be this low.
DMG is Flush with Money.
DMG has issued shares to raise money.
DMG Now have 138,735,094 listed shares outstanding.
Not all that bad. If any of you owned Cannabis companies FSD Pharma or Aurora Cannabis
Both companies had about one billion shares. they both did a reverse split
DMG has raised $99,100,450.00 with the last 3 Private Placements.
Dec. 18, 2020... DMG closed its private placement by raising gross proceeds of
$1,000,405.00
March 05, 2021 DMG closed its private placement by raising gross proceeds of $70,000,000.00
May 03, 2021... DMG closed its private placement by raising gross proceeds of $28,100,000.00
$99,100,450.00 has given DMG a huge sum of money to work with.
DMG has issues 3 private placement over the last 6 months.
This has caused the existing shareholders to sustain at least
a short-term loss from the resulting dilution of their shares.
However, DMG may see long-term gains if the company
can effectively invest the extra capital obtained and ultimately
increase its revenues and profitability..