RE: DILUTION COMING11 Oct 2023 15:32
Come on guys, even if this MOU goes through, CBX subsidiary will need cash to hire people buy or rent equipment employ a sales force, buy equipment and find those who want to buy kelp and or arrange offsets for carbon capture. Now where will all this cash come from?
30 share issue is mu guess. And that will not take it to profitability. There will be other share issues. Seems there CBT business is shot. Now who are going to trust these lot in their new ventures? Any company that diversifies must ask what is happening to their core business? Is there one here really? They are going have to make right-offs. Its dire here.
0.30 pence is the first dilution is my guestimate. The one after that is 0.20 and still not getting to profitability if the company is still going it will be 0.10 pence before admin is called in. Avoid this lot. Lots of dilutions to come. Sorry for the new guys being spiked.