Post by
tamaracktop on Jun 16, 2022 8:34am
Talk about dilution!
Cielo plans to raise $8.5 million by selling 121 million units of shares and warrants exercisable at 9 cents for 7 cents per unit.... Yikes. They'll have close to a billion shares outstanding.
Comment by
AlwaysLong683 on Jun 17, 2022 12:50am
tamarack, no offense intended, but if you have to resort to comparing XBC to CMC in an effort to make the pounding XBC has taken over the past 12 months appear "not so bad", that doesn't say much at all. So XBC has performed better than the worst-performing clean tech / renewables company you can find? That's a very low bar indeed.....