InvestorsHub Logo
Followers 39
Posts 6168
Boards Moderated 0
Alias Born 04/03/2007

Re: None

Tuesday, 04/06/2021 4:06:15 PM

Tuesday, April 06, 2021 4:06:15 PM

Post# of 81572
~2.5 million share private placement means they'll be increasing the A/S this year.

The $750,000 line of credit extended by two officers (has that been already drawn in its entirety? Not clear.) would result in a bit over 10,000,000 shares issued by the end of the year to settle that debt.

With the private placement, it adds up to more than the current 56.66 million share A/S.

60 cents per share not nearly as good as the ~7.5 cents per share Stewart and Postal got for their financing.