RE:RE:This is it. Turning point for Venzee What a load a hot garbage.
If all the warrants are triggered, it changes the value of each share. It puts cash on the balance sheet but it doesn't give the company any more economic goodwill. It dilutes current shareholders and makes each past share worth less! Please understand this. Having a company trade at 100M market cap is unwarranted for a company only doing $3M annual recurring revenue. That's 33x sales. For a unprofitable microcap - completely unreasonable.
To those that say "Think of the growth!" Ughhhh. By the time they actually report it to the public after the audit, it'll be May. That's 5 months away. There's a lot of downside between now and then.
Again. I said when it hit 20 cents - that this company's share price will hit 6.5 cents and everyone was bashing me. Well it hit 6.5 cents. Now everyone is jumping for joy and bidding this thing up and all I'm saying is there's a lot of time to pass between now and May. I'll call the bottom at 5 cents this time.
Also, there's 364M share on a diluted basis. That's a very sloppy capital structure. I wouldn't be surprised if they cleaned it up and did a reverse split - I hope sooner rather than later. Institutions won't invest in such a dilutive structure