GMVD Nasdaq, page-117

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Fanthom

550 Posts.

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19/04/22

13:42

Post #: 60912035
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Originally posted by IronChef: ↑

To recap: On Jan 31, the private placement for $12M printed 2.4M shares at an SP of $5. But the company who bought those shares, took a look at the SP since Feb, and felt ripped off, so today's private placement gives them 5M shares at $1.50... AND RETROSPECTIVELY DISCOUNTS 2.4M warrants from the previous private placement, to an exercise price of $1.50. BECAUSE WHO THE HELL WOULD PAY $5 FOR $GMVD? For a company that brags about windfall revenue of Q1, they sure need to capital raise A LOT in 2022. In other words, this company's Market Cap is $20M, of which $19.5M is from two private placements this year. Tells you what this company is worth. And for anyone who wants to know why the private placement outfit wanted to dilute us more... and way more cheaply... here's the last 3 months. Yes, the period with all that Covid testing revenue. Makes you wonder, doesn't it.

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Wow Iron, with all your historical knowledge of both GMV and the BOD, in depth research, accurate and pin point recaps....one truly wonders how you managed to get "caught up" in this ?! Even if you did initially, there was still a chance to "bail" before Nasdaq.....when your postings then, already reflected your sentiment towards GMV....Truly perplexing! Its totally against all your research and knowledge! I cant figure it out!!!!... Even with such an abundance of knowledge its still "hold"?...Hmmmmmm...! Mind Boggling!.....

Last edited by Fanthom: 19/04/22

GMV Price at posting: 3.9¢ Sentiment: Hold Disclosure: Held
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2 Great analysis

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