OTCPK:BLILF - Post by User
Comment by
DOCInvestoron Aug 13, 2021 2:20pm
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Post# 33701646
RE:RE:Thanks for the profit, I'm out.
RE:RE:Thanks for the profit, I'm out. A few reasons, in order.
1) Dilution. 9 million shares and 9 million warrants in the last offering. No update with it or anything, just, oh, let's just add ~20% more shares if we hit a market cap of 20 million.
2) No updates. On the stuff that matters. Chilean regime is a massive mining sector risk which numerous juniors have commented on. LPI and BRZ? They pay some independent firm to tell everyone on Twitter what the intrinsic value is. I don't like that at all.
3) Website. Devil is in the details. It's like spelling mistakes on a resume. It's a pet peeve of mine...outdated information with no cleanup. If you can't manage a website I lose confidence that you can properly manage a 17.35% stake in a lithium play.
Don't get me wrong, I'm greedy, and I'll kick my dog if they announce something that results in a tenbagger (j/k, love my dog). But I just can do so much more with my money in this environment.