Boosting the A/S 3 billion shares with no announcement
with a gagged T/A is probably the biggest reason for the
decline in the last week or so. If they need the additional
shares for expansion, thats one thing but they really need
to keep the shareholders notified how many shares for what.
I am not a fan of the whole company"s future riding on a grant
approval from the government. A better stategy IMO would
be to buy just one denami with room for expansion and get
the permits, customers, feedstock lined up and have a grant
pending based on ongoing operations. I believe you are much more likely to recieve a grant if you are up and running.
In addition, the share price would be much higher with
actual activity taking place on the ground which in turn
would translate to much more capital raised with less shares
diluted if they were to dilute to expand operations.
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