Is this somehow surprising?! Everyone has been expecting it, right? "LOL"
Not many pennies keep the investors informed about dilution, like they have via recent PRs.
This is shocking? The whole point of going public is the need to raise money (sell shares) so a company can grow. This is investing 101
If PFSD starts turning a profit in the upcoming quarters, the dilution wont matter to those buying at this deflated valuation... The operations are practically breaking even now. With 50%+ margins, a moderate growth spurt could push them over the top.
Its important to understand what they are raising money to achieve: Some penny stocks line their pockets and constantly dump, while some actually try to build a sustaining business, like PFSD... None of this guarantees that PFSD will succeed long term, but its definitely a safer bet than investing in a share selling scheme.
My postings contain many opinions. So please do your own research and validation.
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