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Re: None

Monday, 07/29/2024 10:02:32 AM

Monday, July 29, 2024 10:02:32 AM

Post# of 59421
Share increase would be shares sold to API via the options agreement put in place to raise capital for acquisition costs. Given the shares sold and cashed raised this month (I'd estimate around $800,000) they are likely closing/closed the Lynk Telecom acquisition. Same as QXTEL, alot of fees to close an acquisition.

Dilution (raising capital) is not inherently good or bad. You have to calculate the negative impact of the share increase and then calculate the positive impact of what they accomplished with the cash raised to determine if it was value added for shareholders or not.

QXTEL and Lynk combined add over 100M annual revenue which represents 69% increase over last year's 144.5M revenue. They both have positive net income of at least 1M as well. That adds a lot of value. IMO it significantly offsets the negative impact of the share increase and a few million in debt borrowed to finance the deals.

Volume:
Day Range:
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Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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