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Wednesday, February 10, 2021 3:57:14 PM
a 1-100 r/s possibility is kind of a downer...i think if you asked 1 mil investors if a 1-100 r/s is a good thing, you would get a unanimous and resounding NO!...
im not talking about the 1-100 r/s actually being done...just that it was recently added as a possibility...its not a good thing...and no one believes that it is...even everyone single investor on this board (except maybe one) knows its a bad thing...but few care to honestly state their opinion on the issue...preferring instead to detract from the question, question the question and otherwise engage in tom foolery...
"How else were you expecting him to finance the company’s expansion?"
well lets see....to get started, kim would need 2 more dilapidated sheds, a few more 5 dollar a day workers, and some more mulberry trees would need to be planted...or he could buy from a consortium that already exists who have their own financing and all kim has to do is buy the leaves....after which, when they begin, producing, they could use the revenues to continue on and expand...
so lets see...2 sheds, a few more cheap laborers and some leaves...hmmmm...so about $24 million freakin dollars oughta do it you think???...
as i have stated a 100 times, of course kim has to dilute...thats where he has this company at..and where its been for the last 11 yrs...
but how about he dilutes for more than he really needs, but just not 8 times more?....
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