Post by
Mikeyrob on Feb 25, 2021 6:19pm
shameful
of management to put a public offering at this price, when the market is bleeding. They have no respect for their current shareholders. Why would they not do it at .23 or even announce it when financials were done. Just a fukin joke!
Comment by
Trevor876 on Feb 25, 2021 7:21pm
269,000,000 shares outstanding, 26,000,000 share dilution. basically a 10% dilution, so $0.175 or $0.18 tomorrow.
Comment by
PatiencePays123 on Feb 25, 2021 8:14pm
I wouldn't be surprised to see it trade up now that insiders and management have their positions.
Comment by
Mikeyrob on Feb 25, 2021 9:10pm
Insiders own less than 15% how do they have their positions?
Comment by
PatiencePays123 on Feb 25, 2021 9:43pm
Insiders represent over 20% of the financing amount. They are the president list that is mentioned in the news release.
Comment by
Mikeyrob on Feb 25, 2021 10:17pm
How do we have a floor when they did an offering before at .28 cents and one before at I believe .21
Comment by
PatiencePays123 on Feb 25, 2021 10:21pm
I feel like many big shareholders would be angry because of this. If they decide to sell to punish leadership and send a message, the shares could see 10 cents rather quickly.
Comment by
PatiencePays123 on Feb 26, 2021 5:39am
Yep 19 should be the floor but how low is the ceiling now? There is so much overhang at 30 cents. 30 is probably the ceiling for the next year...
Comment by
Mikeyrob on Feb 26, 2021 8:19am
20% of 5MM is 1MM, thats a joke and they did it thorugh a public offering. None of these guys can buy at the ask! Deplorable character and sentiment of htis company
Comment by
Shedthebu11 on Feb 26, 2021 10:13am
Your not passing on accurate info. Thats not what ot means. Also ur broker is wrong. Re-read the news release carefully. None is buying nothing ... 17 cents today....15 cents next week i bet
Comment by
Shedthebu11 on Feb 26, 2021 10:16am
what positions do u speak of... show proof. I would like to respectfully disagree