Post by
AOGEE on Mar 03, 2021 8:06pm
Chill People - Not Great News but Not Bad News
This is another sign to me that something is coming down the pipeline with this company.
It can be debt reduction, or product development or R&D into other consumer products from Fire.
ATMs are not aother money raiser similiar to a bought deal.
They raise capital over time and on an as needed basis.
They can be started and stopped at any point.
They can also become more aggressive by selling shares and raising more money when there is an opportunity in the market - higher share price
They can be announced in advance of an upcoming liquidity event or major milestone to take advantage of increased liquidity and a rising stock price.
They are not useful to companies in need of cash or have a low volume of trades.
Cheers
Comment by
InvestorXpert on Mar 03, 2021 8:12pm
I sure hope it's not for "R&D" that is a way to waste our money. Debt reduction makes sense like sundial did and became "debt free" on the backs of dilution
Comment by
VK400S on Mar 03, 2021 8:30pm
I like the idea of paying off the debt.