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Re: Majk76 post# 119054

Monday, 01/03/2022 9:32:16 PM

Monday, January 03, 2022 9:32:16 PM

Post# of 123015
The flaws in your overly simplistic math here are: 1. The assumption that the O/S stays at 1.13b. The O/S has increased exponentially since it was 595,000 in late 2019. With the convertible financing on both acquisitions plus convertibles to keep the lights on continuing, that curve will be even steeper. I doubt by the time the 10k comes out in April that the O/S is less than 2b. 2. The company continues to bleed cash from huge quarterly losses due to “expenses”. The sales increases are only a matter of scale which means the losses will only be that much higher and the necessary loans that much bigger to keep the lights on. The only way this gets to .24 is via another 1/10000 reverse split, which will happen and far sooner than you can imagine.
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