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Re: Gotbbq post# 2466

Tuesday, 02/09/2021 9:57:36 AM

Tuesday, February 09, 2021 9:57:36 AM

Post# of 2889
Re the relevance of legacy shares, I can't say that I don't have any concern. But they have said that legacy shares were part of the recapitalization. And I'm not sure how they could not be, short of dissolving and starting over. They will be diluted certainly, as they just raised about $3 million dollars, and they distributed some shares/options with the leadership reshuffle. But that can be calculated based on the numbers they have presented. I think I figured the share count should be in the 90 million range (?) at this point, including the warrants, etc. That was a rough count though. Certainly a lot more than the 20-25 million that it looked like a few years ago. But that's going to happen when a company spins its wheels for years -- dilute or die, more or less. Hopefully this is the last round for a while, and they can get back to business very soon. But, yeah, I hear you in general -- it will be nice when the auditors release their reports, and these questions are fully clarified.
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