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Re: NoMoDo post# 173911

Tuesday, 09/01/2020 8:00:31 AM

Tuesday, September 01, 2020 8:00:31 AM

Post# of 186024
But did their company grow in the past 6 months? Did they use the money for their new Texas Facility and other business operations? Public Companies borrow/raise money by issuing shares on the stock market, that's why it exists in the first place.
Dilution for growth is definitely not the friendliest strategy for shareholders, but business wise it may work.. And whether or not it works in the long term for this company, remains to be seen. If and when this company becomes consistently profitable, then maybe it worked out after all.