RD "On June 30, 2017, the Company issued professionals a total of 117,000 shares of common stock valued at fair value of $3.45 per share for services rendered to the Company.
See? You have a couple of these every year. They weren't even diluting in mid 2017." Your assertion is not correct. My impression is that the book value per share was then about 7 times $ 3.45. But this is irreevant in regard to issuing shares valued at 55 cents. My argument is still valid.
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