Funny How People Are Concerned About Financing
a few times I raised Medmira. I first followed the stock almost 30 years ago where it traded as high as $2.25 and $2.50 and when it dropped to .50. It is a rapid screening testing company. I mentioned that I nearly picked up 5000 shares at 3 cents when it had about 600 million shares and the darn company went up to .89. Its low currently .075 and high about .25 or .26 and moving towards 700 million shares last at .13. I am watching it to see if I will buy and flip it although I would see if it pulls back to .10 or less and try flipping at .15 to .20 although it may be a bit of a gamble. Interestingly still lots of interest for what I call a junk stock due to the amounts of shares but still a useful testing company. The point is there is only about 147 million outstanding shares here and usually pennies move in trenches of 1.5 million chunks. Even as I said in the past at .10 that is only 15 million shares. The majority of pennies I am seeing nowadays is well above 200 million. I am not saying dilution is ever great but it has to happen time to time to keep things going. without any type of money to be used then what are your chances of doing anything? 0!!! Let's see what the company does but it is still somehow running without diluting which is quite odd to say the least. Anyways as long as it keeps the dilution as tight as possible keep advancing the tech and patents it is impossible to keep having 0 products and revenue. Still love the possibilities and respect the punching potential here. Let's see where things go. Trace back .10 or less I grab more shares stay above .15 I sit on what I have left. No desperation when I have a strategy that I follow fairly tightly. I debate on a handful of shares deciding how many I will keep while waiting for the prices I desire and talk about. This company has that punching potential the question is when will it start to show and then realize it? I wouldn't worry about a dilution of 15 to 30 million shares for what the possibilities are here and as long as it carries the company through to the beginnings of revenues which I don't see it not. I expect the revenue flow through this year and no later than q1 next year so a buffer of 1 year should do it as far as I see despite how long things have been without anything. Interest and punching power more so than dilution per sa is more important BUT I am not saying keep diluting and reset your business direction like several pennies I see are doing just that the dilution of 30 to 50 million shares will not be a big deal here comparative to companies sitting at 270 to 500 million plus shares although you want companies to keep things tight and properly manage share structure because in the end the bottom line to outstanding will bite down so always best to take profits while there.