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Tuesday, August 24, 2021 12:52:16 AM
The company said there is no reverse split in the acquisition included. They know exactly they cannot split it now. First have to convert.
When you ask the company about general reverse split, they don´t answer. And because they talk about big board uplisting it doesn´t take a genius to know they will split the stock. Even if there is no uplisting, PBYA pre dilution had 5m outstanding shares. Not every company wants to have such a bloated stock.
O/S is now already 2.8b, after acquisition it will be 3.5b and with further dilution which is expected, notes have a discount, it´s will be around 4b.
TSNP was a merger, a completely new business in an exciting sector and they offer more than only a service. Having a product is always better than a service. TSNP merger happened in a moment the market was absolutely crazy and there was real hype and probably also a lot frontloading and manipulation like in every Sharp stock. I doubt we can compare it to boring and known PBYA with toxic dilution.
I doubt TSNP diluted during the run up. It´s completely different situation.
I had no intention to post more than my first 1-2 posts. I only wanted to share the dilution part because people posted there would be zero dilution. But as soon you post facts people try to discredit the person and then I say more. There is no agenda. I´m not interested to buy a stock which has problems to move and then tanks when they dump. They don´t do it like the good ones which are controlled and the management is clueless. This is my impression.
I wish you all luck, i prefer other stocks!
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