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Re: DawgTrading post# 62378

Monday, 04/24/2023 11:01:46 AM

Monday, April 24, 2023 11:01:46 AM

Post# of 63465
It was widely discussed and accepted that a reverse split was very likely going to tank the stock. After this major disaster for the share price I am guessing that there wont be dilution for a while. According to the press release there is now 2.8mm shrs outstanding and with bitcoin at 30k about 7.5mm annual revenue if the company continues to produce at the same level as it did in the first quarter. You do the math. I am hoping the company goes up for sale at some point. If I am wrong and dilution starts quickly then all bets are off as IMO the company cannot grow enough to survive the ever-growing competition for very long.
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