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Friday, May 25, 2018 9:32:58 PM
Look at it this way...
We shareholders own 100% of a $58m company.
If they issue $5.8m in preferred
We own 90% of that 58m
Preferred own 10%
Now we get 5.8 million in cash but that can be burnt in salary and fees in no time, or it can buy a facility.
Either way it's dilution.
It's what asset value we get for the $5.8m that matters.
We buy a facility and the value of the company climbs $10m we all make out great.
Dilution is not a bad thing is my point.
People try to use it as a curse.
I know Kim could ask me and many others to finance the company and we would do it.
But the dilution would be more obvious.
IMO Kim diluting is a great thing.
The guy has not diluted much over the years. We have made a gain on every share sold.
If he wants to sell a few million I will be in line for a private placement
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