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Sunday, March 14, 2021 3:02:59 PM
We don't know much about the acquisitions that have been done so far and how they've been financed. If you read the notes from the meeting that the only shareholder that I know has had with them, they allude to revenue share with an acquired entity (the one that has the largest US B2B database). There was no mention of acquisition finance from what I can tell.
We do know how they did a private capital raise last summer, but the details haven't been revealed. The interviewer did not ask about the capital raise (mind boggling) and the use of proceeds.
Presumably, they intend to use stock for future acquisitions. This makes the RS all the more puzzling since it destroyed market cap. It did free up some shares for issuance, but they could have just as easily raised the AS to accomplish the same goal.
They have suggested that whenever the upcoming corporate action goes through that they'll reveal the "plan".
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