Post by
maestrodrumboe on Apr 03, 2024 11:09am
ATM
allows for the Company to sell up to 24.2 Million shears or 15.9 Mill Shares, the maximum allowable dilution, if the market cap is below 75 Million..
That's whopping 50% dilution, based on current share count of 48.2 Mill, not to mention the enormous selling pressure for many months to come, as anybody wantimng out( Sellers) will be competing against the Sale of Millions of sheers by the Company at fire sale price.
Time to dump this POS before the whole investment goes up in smoke..
Comment by
lscfa on Apr 03, 2024 12:04pm
But no damn warrants and lower broker commissions