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Bullboard - Stock Discussion Forum FLINT Corp T.FLNT

Alternate Symbol(s):  NWPIF

Energy Oil & Gas Equipment & Services
FLINT Corp. is an integrated provider of upstream, midstream, and downstream production services. The Company’s segment includes Maintenance and Construction Services and Wear Technology Overlay Services. The Maintenance and Construction Services segment is a fully integrated provider of maintenance and construction services to the energy and industrial markets. It provides maintenance services... see more

TSX:FLNT - Post Discussion

FLINT Corp > Dilution
View:
Post by Bananahanger on May 25, 2021 8:34am

Dilution

I wish someone on this board who understands corporate finance would explain this bizarre provision in the financial statements that would allow the number of common shares to more than double and then later if the shares hit 30 cents the number of shares could skyrocket. I have never seen such a provision. Is this likely to happen? What would the effect be? Would the value of the shares drop a corresponding amount? Nobody talking about this but is this what is keeping the share price under 10 c?
Comment by Moneywise on May 26, 2021 5:23pm
Didn't know about this one! I read the notes but don't understand it or the impact? 
FLINT Corp
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