InvestorsHub Logo
Followers 197
Posts 16733
Boards Moderated 6
Alias Born 01/29/2018

Re: tbattaglia post# 50395

Tuesday, 04/16/2019 7:16:25 PM

Tuesday, April 16, 2019 7:16:25 PM

Post# of 51814

They have audited financials showing they are legit and profitable. So cash raised by issuing shares will go towards acquisitions and will be a net positive for shareholders.



No reason for the company to sell shares at this price and this market cap.



I broke the quote into 2 pieces because I'm confused. First part says they'll raise cash by issuing shares, 2nd part says they won't.

They don't have any cash, and they'll need a lot of it.

They're going to sell stock and raise some cash. Whether they do acquisitions or expansion (ie - set up offices here in the US and abroad) or both will be described in their prospectus.

And, again, this assumes they're legit.