It sure beats the alternative of excessive dilution and another r/s. The market cap / share structure can be easily increased (all the while maximizing share value proceeds) through stock sale and or f/s when the company shows revenue and growth. Being acquired is always a possibility as well.
Just so you know, stock issuance, or dilution, is not a good thing for shareholder value. You seem to want dilution and you shouldn't. Low floaters are a good thing because the price will go way up when someone wants to buy. Not sure of your logic.
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