You're not comparing apples with apples. Let's start with the truth:
"
It’s absolutely bizarre to me, like slap in the face bizarre, that you’re all glum and talking DILUTION about this stock:"
- pending registry of only 360m shares
2 years ago they also had
TWO BILLION shares on issue. Did a 20 to 1 consolidation, 2bn to 100m, then proceeded to dilute shareholders out of existence with a falling SP. Once this latest raise is done, they'll have close to 400 million (
8 BILLION ) shares on issue along with around 300m options.
at this point in time if options were exercised they'd have 700 million shares or
14 BILLION pre consolidation.
Never in my life have I seen such dilution over such a short period of time.
- raising $2-3m which will go very close to reaching cash-flow positive
rubbish. Paul himself said they're 12-24 months from break even. 2-3m will only give them one quarter. By the time they're cashflow positive we might have the equivalent of 20 BILLION SHARES on issue
- selling its own manufactured products
Anteo are doing the same
- doubling its revenue every year
if they had started at 1m a year, that would be impressive
