Post by
ctblizzard on May 25, 2019 12:51am
Well not awful , at least something is happening
"Dreamfields" is a good name. Look up the website, management seems decent , and the agreement seems to show some timeline of everything happening by Oct 31 of this year or so. Lots of contingencies.. of course. The only big issue of course is it looks like existing shareholders will be diluted out pretty big. 1 for 10 reverse then issue a ton of new shares looks like 90% dilution. At closing price of 19 cents one for ten reverse puts that at 1.90 per share just to be even based on close price. Then there were be a bunch of warrants at 1.00 below that price but apparently only after some goals are met can they exercise them. After issuing the new shares the company will have about 49.6 million shares. So not sure what market cap the uplist could take this to but just to be even with the 19 cent close converted to 1.90 after the 1.10 you would need near a 100 million dollar market cap before existing shareholders would see anything to the upside (or about 2 bucks a share). I guess something happening is better than nothing happening and being able to get out if it actually opens up is a plus but I really do not see huge gains coming here.