Brilliant 10 reasons, such Truth. I'm really impressed with the other bulls posts this morning, excellent work. Really looking forward to the next couple months. Also looking forward to accumulating more shares this week. As always GO KBLB!!! Tic Tok BAM!!! Kong wanna be.
The last two dilutions crashed the share price BOTH TIMES. The 1st time, the share price went from around 16 cents to around 8 cents. The 2nd time, the share price went from around 8 cents to 3 cents.
And this next time it will most probably be even worse (since debt is much more expensive now because of higher interest rates).
In addition, Warren buffet says the following about massive dilution:
"At both BPL and Berkshire, we have never invested in companies that are hell-bent on issuing shares. That behavior is one of the surest indicators of a promotion-minded management, weak accounting, a stock that is overpriced and – all too often – outright dishonesty."