Diluted weighted-average of common stock is the fully diluted shares of the total number of common shares - in other words: ALL shares available to trade on the open market after all possible sources of conversion, such as convertible bonds and employee stock options are exercised.
This does not mean that any of the 14,902,636 convertible instruments have been exercised, but these have been added to the 10-Q, as these shares will affect the overall EPS going forward. Clearly these were added for a reason, which will legally have to be disclosed if they are exercised - in addition, if or when an insider should exercise any of their options (buys/sells) these MUST be disclosed in the filing of a Form 4, within (2) days after the transaction.
Based on the above, it is possible that something is in the works, and I go back to why Andrew Berman was appointed as a Director and issued options in May, 2023 - is it possible that with all of his past experience in the Cannabis Industry something will finally come to pass?
I am a bit encouraged by the inclusion of these (2) critical Growth Strategy objectives:
Market ourselves through strategic alliances and affiliations.
Acquire or joint venture with guard and alarm businesses throughout the USA if they represent good value and a good fit with our expansion plans. Organic growth will not suffice for the rapid growth of this industry and our ability to provide service immediately requires variations of this strategy.
If only Allen would consider a general overall Marketing strategy, which not only would elevate the visibility of the entire company, but would also increase shareholder value, which in turn would benefit ALL BLPG employees.
Once again the 10-Q looks pretty good, with Gross Profit increasing to $756,406, and their Cash increasing to $796,264 - of course this increased their Cost of Doing Business, which is in line with the increased revenue.
Let's see if our wait here will finally payoff - we will all know together. GLTA!
