Uncle-- the entire market is aware of ongoing debt interest = dump of shares into the pool.
Consider, when DMRJ first appeared, the pps was around .10 cents. Share count about 16M.
Share count will likely be over 75M before the debt is refi'd. But the pps is at $1. Which says: the company is succeeding. But since the stock is in retreat, it also says: no appreciation until dilution stops. Look, if a $162M IDIQ does not move the needle, what will? Short answer: debt refi. OR a take out at a higher price.
The stock is NOT finding new investors willing to buy as they have now seen the pps rise to its highest prior to IDIQ award. And now drop to pre- OT&E PR levels ( .90-1.04) while there has been ZERO change in the debt structure.
You might say why is DMRJ selling if IMSC is such a hot prospect: 1. they have to sell if they hold more than 4-5% of outstanding or they have to file ( forgot the exact number) 2. they want to sell as they will be owed more shares every qtr., 3. their principal owed is not dropping and they may be able to lend more thus giving them an overabundance of shares. 4. they want to be repaid with a significant profit that reflects the huge risk they took in lending to an .08/cent a share nano-cap with NO TSA approvals. .
AI
