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400 Million shares down to 13 Million...

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timberwolf7   Tuesday, 08/11/20 08:19:59 AM
Re: None
Post # of 2636 
400 Million shares down to 13 Million... Are they for real??


1st, the market cap hasn't changed. $140 Million or so...

At $11/sh and say they do a 50 Million sh offering, raise $500 Million dollars.

market cap at $11 is $550 Million...

there goes the upside potential return... ugh...

and agree, without news, and with a secondary of any size, this is now an ugly position to be in given my prior target price of $3 is now $90... (at 13 Million shares)...

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