even if the NEW CEO fixes the business, the EPS (earnings per share) would be very very minimal due to the dilution.
INVESTING 101 is not only based on a successful business, it requires an amount of shares outstanding and in the float that permits a rise in the price.
A company with a BILLION shares usually means low stock price.
And furthermore, the new CEO is NOT fixing the old SPIN.
SPIN is done and out. Bitech is BITECH and the only thing remaining is SPIN ticker, nothing else. truth be told SPIN was a tightly held company that was mis managed. bitech right now is a failure because of the share structure.
And I do not know how to fix that right now.
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