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Thursday, April 07, 2022 8:11:28 PM
But TANH does NOT need cash. It would appear the intention of the issuance was dilution. This may also be an indication they had a hand in recent SP decline. The scale of dilution was MASSIVE. Those new shares represent 75% of the current ownership. And the cash they got was only a tiny fraction of what they already had on hand.
This is actually an argument to buy now. The reason they perpetrated this theft (no quotes needed), is because they know the company is valuable and are trying to steal for themselves. This wasn't a "public" offering. I called the day it was announced; it was already sold out. It was an inside job.
This is a lawsuit waiting to happen. But I've been a holder in a Chinese company traded on a US exchange, where the shareholders won a lawsuit against the company. The company actually stated in their next financials that a US judgement is not enforceable on a company operating in China (no US/China treaty) Just gave a big middle finger.
The only way to protect from this dilution it to participate in the theft (buy in the issuance), or in this case buy on the open market at the same $0.50 @ 3x original holdings. Which I have been doing. Almost there.
The reason price remains low is the rightfully deserved distrust of the company. And they don't understand the math behind the dilution. They also most likely will do this again... But as long as you are prepared to buy in again, you'll not lose - on a long enough timeline. Manipulators will always refer to these past discretions to pump price down.
Recent TANH News
- Tantech Holdings Ltd Announces $2.1 Million Private Placement • PR Newswire (US) • 04/22/2024 07:58:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/29/2024 09:15:28 PM
- Tantech Receives NASDAQ Notification Regarding Minimum Bid Requirements • PR Newswire (US) • 02/29/2024 09:15:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/05/2023 01:00:42 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/20/2023 09:05:39 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/24/2023 08:05:18 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 10/10/2023 06:54:42 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 09/12/2023 04:15:24 AM
- Form F-3 - Registration statement by foreign private issuers • Edgar (US Regulatory) • 08/30/2023 08:45:44 PM
- Tantech Secures Major Contract to Supply 50 Midibuses to Malaysia • PR Newswire (US) • 08/28/2023 12:30:00 PM
- Tantech to Supply Twenty Modern School Buses to Ecuador to Enhance Student Transportation Capacities • PR Newswire (US) • 08/14/2023 12:30:00 PM
- Tantech Expands Export Sales of Midibus to Nigeria • PR Newswire (US) • 07/13/2023 12:30:00 PM
- Tantech's Successful Exhibition in the NRA Show Increased Brand Visibility Within Industry • PR Newswire (US) • 05/25/2023 12:30:00 PM
- Tantech Exports Midibus to Dominica • PR Newswire (US) • 05/16/2023 12:30:00 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM