Glucose Health Inc. (GLUC)

[NewJerichoMan]

Share Structure Changes

The outstanding share count increased to 13,848,630 from 11,627,949, or 2,220,681 share increase. That's nearly a 20% increase, which isn't chump change. But you know what else isn't chump change, the decrease in potential additional shares of common stock. Couple of the Preferred B holders converted (1,333,334 in total), Murray got some debt repayment (690,000 shares), and we handed out 197,347 shares for advertising costs (~$400K).

Previously, our fully diluted share count was 34,088,180. Today, it's 22,128,632, a significant 35% reduction (22,460,231 - 8,280,002 - 2,220,681 = 11,959,548 fully diluted share decrease). This fact won't improve the share price one iota in the short term. Probably the opposite. But it's a big deal for down the road as $GLUC continues to grow.




Company has been profitable through the first 6 months (~$20K) of 2021 and has about $800K in cash. I'll probably call Murray next week and get more info on growing retailer chargebacks. We've spoken about it before but don't remember all the details.

All-in-all, $GLUC's balance sheet is the best it's ever been, its fully diluted share structure is significantly improved, and if revenues keep growing, it's blue skies ahead.