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Alias Born | 11/14/2016 |
Sunday, December 16, 2018 2:02:44 PM
a number of years ago sol - on another message board - took a lot of flak 4 pointing out the humongous increase in authorized shares apdn approved - ie - 500,000,000.
some parroted mgt's description of the move and claimed wasn't an increase, since it was less than the pre-r/s authorized count.
but i pointed out that as a Proportion of outstanding shares, the ratio had leaped by about 30 fold !!!
i observed then that the massive authorsharecount signified an acknowledgement on the part of mgt that they were going 2need 2dilute as far as the eye could see.
even here, one of the regular posters characterized the 1/2 billion authorized share count as "normal" (?!?), which i would agree with only in the context of a penny stock company bent on long term dilution.
but no, he actually compared apdn 2blue chip tech stocks in coming 2his conclusion.
this is the first time i'm really thinking that the stock is on the road 2dropping back into the sub-20 cent range given flatlined mainstay revenue sources and no new top line drivers in sight.
one of the obvious concerns besides lack of revenues is an apparent lack of takers when it comes 2doing a PIPE.
sabby no longer appears interested - and has recently liquidated its equity position.
there've been some other closed out positions as well among the institutional holders, along with net sales in general.
if anyone can see a silver lining in all of this i'm all ears!
Recent APDN News
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