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Re: Truenorth2016 post# 16546

Friday, 05/05/2023 2:57:50 PM

Friday, May 05, 2023 2:57:50 PM

Post# of 22439
Still diluting TN. Won't say no R/S because there will be one. When I bought in for the first time, I did not think so. Recent surge in the O/S convinced me otherwise.

Keep in mind that depending on the strength of the ticker, R/Ss can be a benefit. Initially to gain a cash influx, then to announce a R/S but most importantly the ability to afterwards support the new level of the pps AFTER the split occurs.

We have no news on what the cash gained by selling new shares will be used for. Paying off debt is NOT a good use. Acquiring assets or launching a production division IS.

Leverage is always lost in a R/S, but value can be retained and gained. That is our only hope now. Any pps appreciation prior to any R/S would be icing on the cake. MMs may not give that to us since the dilution has been so severe and continues.
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