Post by
wallpaper2 on Oct 29, 2020 1:52pm
Have you read the MD&As and quarterlies etc.
The company was put together by issuing 20 million shares at approx 51/2 cents each. PP's with shares, attached warrants and stock options took the number of shares outstanding to 29.999 million approx On Sept. 24th there were approx. 30,3 million shs outstanding [shs o/s]
As I read it, on Sept 24th and Oct 20th PP's, options to management etc. and warrants issued have taken the fully diluted total of shs o/s to approx. 51 million. Most of these follow up shares were issued between 20-55 cents.
My point is: they have hired 3 different IR or promotion companies to help them sell stock and get the word out. They say the testing and trials won't be complete until May 2022 at the earliest and they have given themselves an addition 5 years beyond that to complete the trials because of covid and the potential disruption to the economy. Be careful with your excitement and don't get too far ahead of yourselves. You are buying someones cheap stock and some of that easy profit will go into the next below market pp. jmho
Comment by
Bakunin6 on Oct 29, 2020 2:37pm
The question is not why is it going up but how high will it go. Many have been shaken out by now so we'll see.