Post by
JACKTHEBEAR2 on Apr 12, 2021 3:21pm
Consolidation
If they go 1 for 10 and the count goes to 60 - 70 million shares it allows for future raises down the road. You can only raise so much money at 700 million shares outstanding but at 70 million different story. Further to that any revenue of merit that is realized with 70 million outstanding would look more favourably on the whole. This story is not over just another chapter thats all we are seeing.
Comment by
Josestolemytaco on Apr 12, 2021 4:47pm
Standard silver lining with these raises. Insiders will be subscribing for up to 25% again. Still not happy though lol. Really thought the last one would have set them up long enough for the sales to really start rolling in.
Comment by
Spectra7 on Apr 13, 2021 6:35am
Joetaco..." silver lining "...you have a very interesting investing perspective. Ongoing, unending dilution by the company...and along as insiders take part its acceptable????hmmm. Company officials continue to suck this pig dry. S7
Comment by
Spectra7 on Apr 13, 2021 6:41am
ISFCA...thank you for pointing this out. Most " investors" in Spectra7 do NOT understand the big picture. Death spiral as company officials eat this entity from the inside. S7
Comment by
Josestolemytaco on Apr 13, 2021 9:12am
The convertible debt can be paid off. As there would be no benefit to the insiders I believe you will see this debt paid and not converted when the time comes. Still 1.4 million outstanding.