Not all pumps come from within the company, but when they accompany a PR the odds go up that they are.
The latest 10Q shows a low convertible debt amount, but it may well be that since that date more debt has been raised and without knowing the terms it is possible that they allow conversion at any time - even prior to maturity - which is usually at least 6 months.
I thought the converts would have been done by now based on what I saw in that last 10Q but with this week's pump and volume coming in without much of a price rise, I don't know.
I reached out to the company a week ago or so to try to find out more but haven't gotten a response. The float is so low here that the stock could fly but that's not going to happen if there is continuous dilution. THe recent financing for $890,000 in the form of apparent restricted stock sounds great due to the usual 6 month lock-up so we may be in for a nice window of no dilution and very exciting news, but when will that combination happen?
Recent AFOM News
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 02/14/2024 01:20:43 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 01/16/2024 10:22:40 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 10/16/2023 07:11:05 PM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM