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Re: jngreene33 post# 146930

Tuesday, 04/12/2022 8:07:11 AM

Tuesday, April 12, 2022 8:07:11 AM

Post# of 198729
Another sort-of safeguard is that they only have 169,564,047 shares left to play with out of the 3,000,000,000 authorized. That's still a sizeable amount, but that's a low enough ceiling they probably want to avoid burning them up while prices are this low.

The whole amount would be worth $11.7 M at current prices, but selling them too fast would crash the ticker and diluting very many could become a PR nightmare. So hopefully they're just dipping into them strategically for operating cash.

I edit too much! Refresh any of my posts within the first few minutes to get silly little updates and clarifications. :)