No you are completely wrong with this post as well...
Another 400 mil shares, no prob, it's only 80% dilution. This will net around 1.1 mil at current sp, assuming Gurba can find someone to buy them at this price. How long will 1.1 mil last, given the losses that are being racked up? Given the debt and lack of positive cash flow, the market cap is likely to go unchanged for the foreseeable future, as well as the sp.
There are currently no plans whatsoever or operating cash needs to dilute the OS from the increase to the Authorized Shares. As I explained in my prior post, any need for that will now have been eliminated by converting all the potential equity loan obligations to the new preferred shares. Also as I said prior and as the CEO explained in his radio show interview, the overall debt of the company is also BEing greatly reduced by converting the principle equity loan obligations into the new preferred shares. In addition, positive cash flow will BE greatly increasing with help of the new and improved capital structure. Here is the link for the CEO's radio show interview confirming all this: https://upticknewswire.com/ceo-stephen-gurba-gives-update-bulova-technologys-subsidiary-markets/
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
