From today's filing,
The Company continues to have yearly losses from its limited revenues from operations. Management believes the present cash flows will not enable it to meet its commitments for twelve months from the date of filing. The Company maintains an effective registration statement on Form S-3 with the Securities and Exchange Commission that would allow the Company to raise additional capital in an amount up to $70.0 million. SEC regulations limit the amount of funds we can raise during any 12-month period pursuant to our effective shelf registration statement on Form S-3. We are currently limited by the Baby Shelf Rule as of the filing of this Quarterly Report, until such time as our public float exceeds $75 million. However, factors such as stock price, volatility, trading volume, market conditions, demand and regulatory requirements may adversely affect the Company’s ability to raise capital in an efficient manner."
More dilution to be expected.
Boing X 2
Just bought in for 300 shares this am. for a long term hold.
Like what I see so far. At first glance, low float, it appears few are willing to sell now. IMHO this stock has the potential to take off very fast from what I am seeing.
Boing X 2
Yes...the panic sells have waned. It probably will inch back up on Feb
Even after the placement...this is trading very strong.
Yeah, I thought of that a while after I posted. I am sure you are correct...
I Think this calculations were done 2-3 weeks ago not based on last 5 business day’s prices, IMO.
Please do your own DD, this is not recommendations to buy, hold and sell.
the PP was at too much of a discount. Hopefully it goes to good use and not to line pockets
Seems you were correct. Getting smashed.
I'm all for you guys making money on this (I did).
I'm just saying, keep an eye on trading. Because this goes down very quickly.
It simply may be a new day...
Where were you when this was trading at $0.60 ???
I have more knowledge in how this has been trading the past year, than you do.
Why comment when you have zero Clue You got in a year before they launched of course stock wasnt going to take off
You got out when they are launching soon Its a $100 stock all day long 20 Million shares is nothing
Your opinion is useless Try actually researching They are launching soon only 20 million shares and taking over Payment industry
I have been in this since Jan-2022. I sold in December when this hit over $3
The history on the trading keeps me cautious.
You just missed out on a massive gain once again
Is that a green candle?!?
And then the algos kicked in with the overall market as volume slows down
In a week or so, this will be trading below $1.00
Which has been consistent the past year.