Is this good or bad? Well, 9.5 million shares is a lot of dilution considering their was only 64m shares. That's, what 15% increase? On the other hand, .81 is not bad compared to other deals I've seen in other micro-cap companies I've owned where there would be a 1/2 share warrant on top of the .81 stock sale. In my newbie, humble opinion: as much as I like a company that is responsible with debt and dilution and has a great balance sheet and grows at a steady pace, maybe the company is being smart being a little more aggressive with what is ostensibly a clear path opportunity to increase sales of both Snare and eMite in existing channels. The competition is fierce, especially for Snare in cyber security market, and there is no question that its competitors are willing to spend for market share, so it makes sense to go all in on this opportunity. I want to see them convert those 10k Snare deals into 78k deals. I'm looking forward to seeing this investment succeed.
PRO Price at posting:
93.0¢ Sentiment: Buy Disclosure: Held
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