My point was minor increase in share count to grow a co. is not "dilution" in the usual negative sense that most bs pink co.s do. The "D" word is a negative most of the time with pinks because of co.s that line their pockets, and for no other reason. IMHO, GBDX is increasing share count, (and that's what it is), to increase revenue.
Yes, O/S count has increased some. The reason for doing so with a co. is the key. IMHO, GBDX has increased share count to grow the co.
How many other pinks that have pps increases of 200-400-1000% have reported financials; and have 10X O/S count as GBDX, with virtually no revenue. GBDX is a co. with small O/S count and likely near term revenue in millions.
How does GBDX per your question recover extra shares in the market, or why buy back shares when they are currently just starting up a co.? The amount of increase of O/S count could be termed dilution, BUT not in the usual context of milking it. That was the point I was trying to make! There is a difference.
Yes, if GBDX had 3Billion shares outstanding etc., taking revenue from several past successful quarters of operation to buy back shares would be correct. GBDX (after merger) is just starting to grow revenue; and with only +-400M shares there is room to expand share count without hampering revenue growth.
And, to your other post, yes it is a JV, not a merger; however; "merger like" in terms of asset based $ received by JV partners.
Good luck to you, and best regards
Not a buy or sell recommendation. My opinion only.
