Blackline Safety Corp T.BLN

HALTED.............GO FIGURE

[bigbird11]

Bought deal for $20 million bought deal @ $4.05 for 5,692,500 shares including the

overalottment . On a separate deal DAK CAPITAL buys almost 2.5 million shares @4.05 

Shareholder gets diluted after holding on for years

Reasoning............ they want to be cash flow positive this year ( AT THE EXPENSE OF THE

SHAREHOLDER ) in my opinion. 

This stock will be good in the end game............. you may double or triple you money or maybe more

but management will reap most of the rewards (in my opinion)

Anyways

[1condor]

Might take a small position on weakness tomorrow. Bought deal price at 4.05 should bring price down sharply from todays close at 4.42.

[1condor]

Took an initial position today at 4 bucks even. Will add on weakness.

[Possibleidiot01]

I understand what you're saying as a shareholder that has been here for a few years. It totally blows my mind that retail is sold $20 million and DAK Capital gets $10 million in their private placement. A 2 to 1 ratio is not proportional with current shareholdings. How about participation for DAK to maintain their current holdings? Still here for the growth, recent Raymond James report says

[Aquaman11]

DAK is billionnaire Daryl Katz ...I understand there may be personal family ties with management. It's been nothing but dilution over dilution over the years and since the current management took over the original company from its founders. Keep thinking at some point it will tip into profitability and reward shareholders, but feels like dog chasing the rabbit around the track.