MICT Inc (MICT)

[RonnieD]

dumped this garbage today.
reasoning:

watched it struggle, not important, wasn't looking
for volume or coverage here, but the plan.
when it fell under 1.00 of course we knew something
was off. a deal for about $300k in share sales, not
great but nothing to be worried about. figured I would
wait for the earnings date. > didn't see what happened
until today ( I don't watch stocks all day anymore )
- so the PR. another $4.3m for sales. ok. but there are
red flags. I noticed the PR stated they still would have
a backlog of 9 million. Which means they only filled
2 million in orders these past months. evidently there
is a holdup in the outsourced manufacturing or a billing
issue. who knows. I really didn't like to see that.
Then we see the filing for up to $30 million in new
classes of stock sale. Whoa. A primary reason why I
picked this up in the first place was the tiny o/s.
That's off the table, and so is this play.... they seem
likely to dilute then R/S.. it's shady so I took the loss
and move on.