Replies to post #39552 on Resonate Blends Inc (KOAN)

[Toronto_Trader]

I am always skeptical of dilution and have been burned by it before. I don’t see any compelling reason for them to add to their o/s at this time. I usually reference earnings reports and asses a company’s expenditures and burn rate. $TXHD has no burn rate. The company saw profitability in the prior two quarters and are expecting to do approx $400,000-450,000+ in sales for Q3. Unless they incurred many more expenses over the summer it is safe to say we can expect their greatest revenues and profits ever.