However, I believe instead of "They need to do something to increase their share price"....EWRL will focus on their "Business Plan" to become extremely successful, the PPS will eventually reflect speculation enroute to success!
when you tie your LOC to issued share(after the registration), the total OS count increases. In most cases with small companies who need the cash flow, they will transfer all they can. with the maximum 10% holding requirement these newly minted shares will be dumped on the market. Like I said I hold a large position and have been here awhile just watching and researching. I have gone through this several times in the past, it is necessary and good for the company just know dilution is coming.
Yeah, lost me too.. 10% of 190 mil is not 250 mil.
Like OMO said, they may use a little for day to day but having a 5 mil LOC in your pocket looks very good to anyone that you're trying to land a contract with. In turn the contract brings the PPS up and gives more value to the LOC. jmo.
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