$MSTO offerings below current market without restriction is stockholder dilution. Q3 indicated .0001 is the current unrestricted conversion rate. We do not think anyone is going to bid it up considering this is a “best efforts” offering setting a value from $0.0005 to $0.01 per share.
Currently at .0025 the mark up at Q3 offering is 2500% discount against the stockholders investment. We think CEO Josh ought to lay off the 1-A/A and focus in on the build due April 2022. Collect the profit and work within the company P/L.
We are hopeful plans for the next two builds are completing the approval process. Proceeds from build 1 will help start builds 2/3 then list and sell those while the market is hot. Thus, the three builds should show proof of concept and entice outside investors and stockholder interest. Builds at this point are taking 6-8 months. We would expect that to shorten as the company evaluates the overlaps in the construction process.
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