The total number of shares of common stock, par value $0.001 per share, outstanding as of March 11, 2015 was 80,195,695
The total number of shares of common stock, par value $0.001 per share, outstanding as of August 1, 2017 was 213,947,634.
This means over the last 29 months GST has increased the number of shares on the street by a whopping 133,751,939 MILLION shares.
Can you spell 'dilution'?? Think flood!
Does this matter? Of course it does. The GST equity 'pie' was sliced up into 133 million more pieces.
Dilution matters to an investor. Day traders? not so much.
Marker:
Gastar Exploration (GST)
$0.6502 up 0.0431 (7.10%)
Volume: 1,052,205
You must stick to your conviction, but be ready to abandon your assumptions. ~~ Denis Waitley
