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Thursday, June 04, 2020 9:50:13 AM
However, the Company's scant current earnings, although a positive step in the right direction, offers me little encouragement that future earnings diluted by 360 million outstanding shares (up 8-fold from 44M outstanding shares in 2018) will find sufficient market interest to justify the financial commitment well above the diluted net book value per share of the new shares issued and outstanding.
Onward, good luck!
Gilda
Gilda,
Let's take your numbers and assume the Company raises $3 million @ .05 a share, which would mean 60 million new shares equating a 20% dilution.
Is that worth it, I would say yes with new revenue and growth rate of 20% or more would reduce your timeline to a year.
There will be dilution, the question is how much and for what return.
I feel the Company is heading in the right direction and could continue to see the stock raise and reduce the dilution
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