RE: Not all that glistens is gold31 Jul 2025 07:39
“48 MW once developed, and scalable to 100 MW in the near term, we are making tremendous progress toward our goal of building a portfolio of 300+ MW”.
They may reach the goals, but not without further placings and there is the rub. How many shares will be issued and how many more dilutions? All these plans will need cash now where has the company ever got this cash? So far away from profits any shareholder here will be diluted over and over again. One day the company will make a profit. Yet shareholders will never benefit.
It’s got some earnings and those earnings have increased by 30%? Now remind me of the actual costs of that earnings? Looks to me they are selling powers below costs. I wonder if there is an actual business here or if this is a charity. I see no actual benefit for a shareholder here. Dilution after dilution is on the cards.