Tuesday, September 15, 2020 8:48:36 PM
The current share price reflects the fact that
a. the company has not managed to deliver any trial/contract/revenue
b. the company has had to issue millions and millions of additional shares
The stock is down 99% , the CEO controls 51% of the voting rights, she can effectively award herself millions of Series B shares that convert at 50:1
And the company which apparently is on the cusp of commercialization in a potentially multi billion dollar industry is worth under $5 million
I think it was the company that was promoting imminent success when there were just 300 million, 250 million, 200 million, 150 million shares on issue
Until she can deliver something the company will just keep issuing more and more shares at lower and lower prices - well it can't go much lower can it?
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