time to changeThis is not a non-profit it is a publically traded company and should follow the traditional informational and financial disclosures and practices of a public company. It uses the shares to pay for some acquisitions and thus the share price is an important part of future investments.
Also, they are really quite free with options and warrants and the expiration dates of these items.
Balance at December 31, 2020 - -
Warrants issued 132,735,320 0.19
Balance at September 30, 2021 132,735,320 0.19
A lot of these are at a price of 0.05 and 0.10 for a period of five years. that is the same number as the common shares that are outstanding. That would represent a total of 300 million shares before the options are considered..
They have millions of options with low exercise prices and long expirations periods.
Requires a lot of net income before eps become meaningful.
The above causes one not "to trust in management", especially where management seems to have little interest in operating as a normal public company. Even if they are mimicing the gold royalty companies, those at least told you how much they invest (Cult does disclose in sedar) and for how much of the company (not disclosed). Most of their investments involve SAFE transactions which involve the opportunity of investing in future equity issuance of the investee.
As to "Cult", ask your friends what they think of when they hear the word.
The current market price is a reflection of some of these concerns. (I know there is a general meltdown but Cult started its downfall before the general market downturn.
I just want this company to do something and do it transparently.If others know something that will give us hope please inform us. I look forward to hearing it.