No one loves dilution pal. Sell some shares this morning around $2.35?
Oh, and the last bought offering was at $1.55, which we then subsequently, and almost immediately thereafter, ran up to $3.46 which is well north of a double.
Quick and Dirty impression of these raising "surprises":
# Estimated BO 4 Billion : 100 Mil. shares prior surprises = 40$/share # Current depot 150.000 shares X 40 $ = 6 Million # Estimnated BO 4 Billion : 130 Mil shares post surprises = 31$/share # Exit 150.000 X 31$ = 4,6 Million = 22,5% less
Dilution more than 15% usually requires Share holders approval. Does anyone know whether limits exist and/or how this is actually regulated with titan? Thanks Facetrain