Post by
Stocks2Go on Jan 07, 2025 7:02pm
Placement at .23/Share
Tomorrow will be interesting.
Comment by
13X2413 on Jan 07, 2025 8:06pm
Somebody posted today's news is a substantial development. I asked for an explanation about why he/she felt that. Most seem to be pumped up over Tony G being involved. Nobody seems concerned about a 23 cent placement, which seems cheap at today's prices. I guess asking for more is a stretch seeing that this traded at under a dime about a month ago.
Comment by
cabbieJBJ on Jan 07, 2025 8:24pm
Given its unsecured and high risk, it's nit a bad financing. He strike price is about half current trading. So Tony is looking to double his money (or more) within a year. That's why there's a 12 month lock up. Smart and opportunist by all. I'm out, but will consider reentry tomorrow.
Comment by
13X2413 on Jan 07, 2025 8:54pm
Let's hope he's really really really greedy and he's looking for more than a double. :)
Comment by
blue55 on Jan 07, 2025 9:03pm
He's a gambler. His warrants are at 75 cents. I expect him to buy more in the next year. Doubling up is meaningless to guys like him.
Comment by
pedro7 on Jan 07, 2025 9:50pm
The Company's connections with Hitachi have kept their doors open in the past.
Comment by
matt2018 on Jan 07, 2025 10:18pm
The Hitachi business does bring in some revenue. It was $126k last Qtr, but they still reported a loss of $40k for the qtr. The cash balance was appr $350k last year end (Oct/23) and was down to $125k last Qtr (July/24). Its clearly all about monetizing the QC assets now.