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Saturday, November 18, 2023 12:22:31 PM
A few things, they clearly mentioned acquire and acquisition in the press release. Some how you became confused with merger which they did not mention. I’ll let you refer to a dictionary to help you understand.
Company statement “I am pleased to announce that we have executed a nonbinding letter of intent to acquire a plant-based food company in Europe and “Closing of this important strategic acquisition”
Next, we have a stock swap, why? What if the company is private. There not doing a merger, their buying. Cash is always good.
Then we have creative math. The company has a value of a little over 3 million dollars. You can pound all the shares you want, dilute to the high heaven, doesn’t make the company worth more. 3 mil is 3 mil. I understand your new to this investing thing but if you would happen to notice when a company dilutes the price of the stock comes down. If you plan to dilute 300 million shares, well, it will be a learning experience for you.
Go ahead and enjoy yourself with this new toy you have to promote. I’ll just sit back and wait to see. They will have to present to the shareholders, then we’ll all see what’s what.
![Bearish](/static/images/ih2-bear.png)
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