There will be a hell of a lot more shares to divide any future profits between and a minimum of 12% SP dilution before any next quarter report so as a holder I would be more concerned with that.
Especially if I was a large holder that could dump their holding even though they still have faith in the company and double up their stake in the days following the SPP price being set.
I wonder where the person closing out the short for 3.1 mill shares at 11c sold them at.
They will pay $341k to return them.
If they have shorted from a dollar they have taken over a $2.7 mill profit in a bit over a year.
Trust me at this point it is not a new buyer waiting to get in.
That's investing.
LYC Price at posting:
11.5¢ Sentiment: None Disclosure: Held
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