Friday, July 14, 2017 6:37:26 AM
$1m? $5m?
Who knows.
Fortunately the dilution should be relatively minimal.
Let's take a very low-ball price of .20/share.
If they added 25m shares to the float that gives them an additional $5m.
That's not too bad.
But, is it enough?
A little direction from the company would be nice.
Why do 99% of day traders lose money?
They trade on a fundamental misconception about the nature of stock prices, namely that they are somehow persistent and predictable.
In other words, they pattern trade until they lose money. 99%.
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