Value Microcaps Zip Code Changers

[zenvesting]

COV.v: I figure the fully-diluted share count to be at about 22M shares after accounting for all the warrants and options. That $50M number was an "off the cuff" guesstimate as I was distracted, posting from my phone at a playground with my kids.....turns out it was "way off the cuff".

That last financing made me very leery to be honest, which is why I hadn't mentioned this stock before. I don't think the company actually needed the cash that badly at all, but now more than ever, believe the insiders found it a very opportune time to serve themselves up half of this company's equity......probably while they were very close to finalizing this this licensing deal. I'm not fond of that kind of self-serving management; but now that it's done, they're in the same boat as us.