Tuesday, October 19, 2021 9:51:17 AM
Future potential: On paper, everything shows great potential that they're going to do well. Upstryve and other big talks are still in their early stages, so it's too early to comment but clearly it shows the potential.
Current stock price: Just a couple of months before, PBYA had only 2.3B o/s shares, now almost 4B shares, increased by about 1.5B. Out of that about 700m restricted and 800m unrestricted. Unrestricted ones came recently, flooding the supply. Simple economics, supply is higher than demand, meaning falling price. Still 2/3rd note conversion pending. If they continue converting, you know what will happen in near term.
Currently, the growth/potential is being neutralized (or even worsening) by dilution, causing stock price to go down. We can't ignore dilution impact.
If you have a different opinion, feel free to comment.
(FYI ...I am going to hold for long, see how it unfolds)
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