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Tuesday, 04/04/2023 11:50:54 AM

Tuesday, April 04, 2023 11:50:54 AM

Post# of 871
Been following BioLargo for a few years now. I don't own any of it. Yet. Things do seem to be moving along. But man alive the share structure of this company is a wreck. The whole reason for the share price and action to be essentially stuck in place for years is flat-out dilution of the common stock. And the company baldly states in the 10K that they fully plan on more dilution to fund operations in 2023.
Money is scarce for this company, as is the case for most all microcap startups, so I understand the difficulties of cash raises. But it is the common share that is bearing the weight of the load, and I don't see that changing until the share and cash-flow structure are significantly cleaned up. I guess I will keep watching from a distance.

All the best,
Silversmith
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