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04/02/20
22:24
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Originally posted by Techmeister:
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let's look at the upside via the down side The downers have been going on and on about the issuance of shares; the legacy debt; the lack of profits... But as our old chum Einstein taught us - 'everything is relative' • yes there have been a large number of new shares issued - there were around 400 mill - then the sheet hit the fan - then the printing press turned on to salvage the business - and now we are at about 750 million shares on issue • so the cost of saving the business was the issuance of 350 mill shares at a low price • so if the business is now roaring back to life - as evidenced by consistent increases in monthly revenue - you must clearly connect the issuance of shares as a cost of recovery • therefore, if the business is now recovered to near breakeven - 2 things must also be true: 1) the cost has been successful and now done - ie no more need to print shares 2) the business should now be measured by its revenue growth forwards - not its past costs • EN1 MC - relative to past costs and future revenue growth is ridiculous • the downers cant keep citing old spent news to prove a point today - the business has turned around!!! you cant accuse a 6 foot 6 man of being a midget - because when he was 4 he was tiny!!!
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Why is it you assume the issuance of scrip is over? Less than 2 weeks ago, $458k worth of shares were issued to Alto for the collateral top up. 31/12, they issued $677k worth of shares for settlement of creditor balances. I think you're wrong to think there won't be any more scrip issue. I'll predict > 1 billion shares on issue by the end of the year, or, they'll be in debt upto their eyeballs.