GREY:SHIFF - Post by User
Comment by
jethro549on May 16, 2023 8:03am
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Post# 35449807
RE:RE:Questions are welcomed.
RE:RE:Questions are welcomed. 5.6M of debt actually. And 3M is a convertible note, payable with a shares but you also know that. Companies pay off debt by bringing in revenue, do they not? So 6.7M$ Canadian from the stc deal pays off a lot of debt, a PP can take care of the rest with dilution sure, but should anyone care about dilution in a market like this? With the company have a small 56M share outstanding float, some room for dilution is certainly there. Every PP they have done has been oversubscribed, so cash raising is not an issue.
Better to focus on the business side of things northerman aka Jeopardy from ceo.ca.