They PR’ed an issued offering this morning. Dilution is always a concern when these small cap stocks run. Company trying to raise cash at a higher share price. If they don’t steal the cash through bonuses and compensations, it doesn’t hurt too much. They need to clean up their balance sheet. I believe the strike on the offering was $12.12, so that does put in a lower ceiling short-term. However, it’s all ultimately about projected sales and growth. EPS needs to get positive.
The CBD sector is getting pummeled right now as well, which doesn’t help. Again, pure speculation is driving all of this. Eventually, the companies that can generate real revenue as a result of cannabis sales as growers or thru end-user purchases, will be the winners. YGYI has real revenue streams, and as a result, should rise to the top if management doesn’t steal the cash flow thru MLM compensations.
Hang in there....there will always be down days. A base should form here.
