Post by
NewInvestor19 on Jan 31, 2023 5:08pm
Proceeds?
What does the company plan to do with the $74,430 it received from the sale of stock at .18 strike price? When did it last touch .18 cents?
Comment by
Sherry35 on Jan 31, 2023 5:56pm
Did they actually collect $1.3M in placement proceeds? They would have to sell 26M shares, @ 10 cents per share, on the open market to generate $1.3M. I don't believe that kind volume was accumulated since Nov 2022.
Comment by
RawSienna on Jan 31, 2023 6:10pm
Money likely long gone and then some. The last time the stock closed over 18 cents was July 15 and oddly enough the day before that the news release headline read... "Magnesium Metal Purity Results Received from Second Calibration Run of Commercialized Pilot Plant" (July 14th)
Comment by
stockprobe19 on Jan 31, 2023 6:21pm
Let's see 26 million x .10 = 2.6 million dollars. Wasn't accounting one of your professions?
Comment by
AucontraireII on Jan 31, 2023 6:39pm
Probe, nobody who owns this stock can say they can account for anything...
Comment by
NewInvestor19 on Feb 01, 2023 8:47am
This post has been removed in accordance with Community Policy
Comment by
AucontraireII on Feb 01, 2023 8:39pm
I forget now, did the Ark hit an iceberg?...
Comment by
KonnectTheDots on Feb 02, 2023 3:16pm
Hi Aucon, I believe! I believe it traded at .085 today.
Comment by
AucontraireII on Feb 01, 2023 10:31am
It's impossible to say what they will do with the $74,000. But my suggestion would be to hire another consultantcy to manage the flow of cars coming in and out of the Consultants parking lot. That or pay salaries for the next 43 minutes.
Comment by
GoldHawk2012 on Feb 01, 2023 12:04pm
Salaries for a few remaining non performers. Company is aways looking to hire duds who can drive down the share price.