Friday, January 17, 2014 7:23:56 PM
A 200% increase in the A/S would be insanely harmful.
Look down the road and see what having a 3 BILLION Share Count company would do to EPS figures.
A penny per share in net EPS would be nearly IMPOSSIBLE given their revenue history.
The near term projection for face value post the 200% increase in shares?
Between $0.02 and $0.04.
Look... Small/Micro cap companies often use shares for liquidity and wiggle room...
Nothing wrong with that... But come on?!? A 200% increase with loose promises that they won't have to do it again is lunacy in action and carelessness towards shareholders and forces the full burden of the financial pains on the common shareholders.
I love PHOT. I've only owned them for about a month and sold my two long positions, one in the $0.40's (bought at $0.09) and one at $0.27 (a quick trade bought at $0.21) and I love the space... That said, this A/S increase is absurd and it places the full burden on the existing shareholder.
Recent PHOT News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/23/2024 07:55:07 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2024 07:25:48 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 08:10:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 09:37:01 PM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 02/02/2024 09:22:33 PM
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