Tuesday, April 05, 2022 3:50:30 PM
Anyway, the company told me that they were required by the SEC to increase the AS to accommodate the preferred share conversions if they were to be requested. Now, that doesn't mean that those shares will be converted but the SEC required this just in case. The company also included enough shares in this new structure for future expansion and needs.
Bottom line, with the kind of revenue this company is projecting we are still in good shape here. I figure it won't be long before the company is producing at capacity and then perhaps in need of scaling their production up from there. And if Boon is producing at capacity then we could be looking at a PPS north of $.50 cents, woohoo! $BNOW...
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