Itronics Inc (ITRO)

[Chipaway]

From the latest 8k

Item 8.01: Other Events

As of December 31, 2018, the Company had 15,351,272 common shares issued and outstanding, compared to 14,917,118 as of September 30, 2018, an increase of 434,154 shares.

I really like this company and all their breakthroughs, but I still can't rap my head around why they're not profitable enough after all these years to make expenses. Why do they still need to issue new shares just to keep the status quo. 434,154 in the last quarter. Don't get me wrong, I realize their new facility will cost, but lets face it, with their technology they should be nationwide, if not worldwide. At the very least, they should have been bought out by a much bigger fish by now. Mr. Whitney is getting older and I sure hope he has made the necessary legal steps to assure the company will continue on should anything happen to him.

I really want to see this company reach its full capacity, but the whole thing reminds me of my Father. He is a brainiac, always coming up with something new, but doesn't have the sales and marketing capacity to launch and will not allow anyone more capable in sales and marketing to take charge. Great ideas do not equal great sales. R & D is all well and fine, but the employees and shareholders really deserve better at this point in the game. Just keeping it real. IMHO