RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Here it goesmonty613 wrote: bandit69 wrote:
Because you're going to lose all of your money if you haven't already but it's your money to lose. Just trying to help you. :)
that is rich coming from someone following a bunch of microcap E&P companies. good luck.
Am I going to lose all my money because I am following microcaps? Or because I don't fall for....I mean use EBITDA+(R)ent? What did you pay for WELL? As of today it has to go up "well" lol... over 100% to get back to where it was if there is no further dilution. A $9.80 share price (at today's float size) puts the marketcap at +$1.9 billion. yikes! with no earnings and in a rising interest rate environment. But I am guessing you bought it at $0.50 so it's a non event for you.
I think this is great. I am happy to talk numbers on these boards. It has been a rare occurrence on these boards for a long time so thank you. Just out of curiosity, what happens when CB's start to raise rates and do it the expected 4 to 5 times this year alone? Markets say there is about a 75% probability Canada will move next week. What will happen to debt laden companies that have floating interest debt? or is it already happening? Oh, right, the interest is dropped out because of EBITDA even though I saw interest paid at what appears will be $12MM annualized and that's before any rate increases. oopps.Sorry, forgot, interest is also a fictional cost.
Did they pay the second $10MM (plus interest) tranche of the promissory note on January 15th? How? all cash or did they issue some shares like the first tranche? I didn't see a news release. How will they pay the remainder in April (+ interest)? issue more shares and dilute some more? at a lower price? or will they have the cash? does it make it harder for a share price to rise when a company dilutes? Someone here said they could do buybacks because WELL is swimming in cash yet, they just issued (which costs money to do) 1.479MM shares at $6.77/sh on October 13, 2021 to help satisfy that first tranche. So now just 3 months later they can do share buybacks? Why even issue shares in October 21 then? seems odd and a bit of a waste of capital and odd capital "allocation" for a company with BRK aspirations if that is the case.
I'm here to learn. thanks!