Post by
Smokey1958 on Jul 14, 2021 8:52am
GREAT NEWS on the Financials!!!
There are clearly individuals who think they understand math and accounting ....and unfortunately not only do they not but believe they can scare investors who they "prey" will react to fear mongering instead of rational thought .....failing to carry out a little DD.
Accounting is a paper exercise in presenting information that reflects VALUE. The accelerated growth of Empower has been extraordinary and the warrants issued represents that fact. When warrants are issued they are done so based on the value of the sp at the time and the forecasted future value (FV) of those same shares. NO ONE could have predicted Steve would move so quickly. To record the difference between the actual value of a share at the time of exercise and the value of the warrant you always get a negative number.
June 16, 2020 and November 9, 2020 warrants were issued at an exrevise price of $.12. The so on June 16th was $.055 and on November 9th, $.06 ....half the price of the warrants. Do you think individuals would exercise warrants and immediately lose half their investment??? .....just so it would show up positive on an accounting sheet .....these bashers have NO IDEA what they're talking about.
$5.5 million worth of these warrants were exercised up to December 11, 2020. The sp close on December 11th was $.28 it had finished a week where the sp was between $.13 and $.39. By December 31, 2020 that number was $6.9 million. The closing sp was still at $.28. By March 19, 2021 the exercising of warrants was up over $12 million. These are individuals who BOUGHT SHARES by exercising these warrants because the company was accelerating its growth strategy. That money supported the purchase of Kai Medical, its expansion and the purchase of the Canadian clinics .....Future Value.
The bashers on here should be ashamed of themselves. Disingenuous, clearly without conscience, absolutely and could care less about the truth when a lie is a much more influential story.
Empower isn't going anywhere but up imho ....all that is being carried out paints that picture.
GLTE ...holding with patience in spite of the innuendos and absolute lies!!!
Comment by
RiskyBiz928 on Jul 14, 2021 9:06am
Good time to add on the dip.