Tapinator Inc (TAPM)

[stockinvestor01]

Their overhead seems pretty big and they've recently done three private placements to raise cash which raised the to o/s quite dramatically to 91 million.

There are also Preferred shares which can be converted to commons as well as warrants that have been issued.

Not sure where this will go.

They really should be focused on cost cutting, not huge salaries and overhead.

If they don't have a hit game, not sure how long they can survive at this rate of cash burn.

All just my humble opinion :)