InvestorsHub Logo
Followers 59
Posts 5765
Boards Moderated 1
Alias Born 03/22/2013

Re: JettaR post# 5373

Friday, 03/08/2024 3:13:24 PM

Friday, March 08, 2024 3:13:24 PM

Post# of 5846
Legit DD is actually talking to the CEO and asking why Entrex Carbon offsets are legit, vs. scam offsets that have flooded the market. Entrex carbon offsets are SEC regulated, meaning that if the credits are dubious, the board would have to answer the law and face jail time.

As for 5B authorized shares vs 300K. This is a legit question and here's my opinion for whatever it's worth. Entrex have aspirations to become a multi-billion dollar company (they have access to $3B carbon offset credits, hence the potential is real). Let's say they have a big order in the tens of millions, or even $100M, then the company could easily be the victim of a hostile takeover via an unsolicited bid with only 300k authorized shares. Hence the need for a much larger amount of shares to be used as a deterrent (as a poison pill) from a hostile takeover. I don't think it makes a difference whether it's 2B or 5B. Again, AIMHO.