I have a theory. I believe that one of the major risks is a dilution of our share registry.
When we consolidated 30:1 we had 208,686,659 shares in a fully diluted pool, in comparison now we have about 381 million fully diluted pool at lets call it 40 cents per share and a fully diluted market cap of about 152 million at the 40 cents per share.
To put it in perspective if we did not dilute how we did, our share price would be about 73 cents per share on the same market cap.
In 2.5 years our fully diluted pool increased by about 82%.
While SP has not changed much since pre-consolidation (It is about 1.33 cents per share equivalent) our MC has increased.
The company is very different beast from pre-consolidation days and I truly believe in LOM so I am extremely positive out the coy but i was always very vocal about the dilution.
This would be just one of the risks the bigger investors would like to see put to bed.
LOM Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
