@SteveReinharz what is being done to encourage new investors to join AITX. As stock prices continue to fall nearly 5-10% daily and have been on a downward trend for 12months. As an investor myself, lot of your investors are starting to loose faith in the current decision making.
you have a decent size sales team which isn’t generating the sales needed for a sustainable balance sheet. You’ve added to the Financial debt with that massive bonus. All while continuing dilution.
Something needs to be done to drastically improve the share price to encourage new money joining us! If this downward trend continues we will be sub penny in a few months and the company will go belly up because nobody will be buying shares.
I want to be clear I’m not taking negative about Steve or the company. I would like him to explain more on his plan to correct the balance sheets, while not relying on investors money.
Just wondering- under the 8k form re: Virex merger (still no PR on this, WTH) it is stated that 49 percent of the 10mil payment will come from common stocks. Took a quick search on the 8K form and surprise surprise no mention of a specific date for Closing Date.
The current hammering of SP drop, can it be explained by dilution of common stocks for the merger payment?
Obviously the recent overall bearish market sentiment is playing a big part but I think even if there is ongoing dilution for Virex merger payment, it should be 1 to 2mil shares top and the effect on SP shouldn't be so ugly.
Something else at play here maybe?
NO on stock dilution(increasing of common stock will allow them to do more ATM). I voted NO also on executive pay increase using stock options (the chairman was selling 200,000 his common stock every monthly for over 2 years until November of this year. What a shame. He even sold around a $1) They should find ways to refinance. Junk bonds are getting 5% rate. The cannot dilute their way out of the debt on the expense of retail shareholders. We have given them over half a billion dollars to date. The CEO, CFO should be voted on to be fired. They are lazy and not putting the work for the money they earn or for the title. This company will be talking about bankruptcy if not retail investors. Personally, I have over 600,000 shares on 6 accounts and real deep in red. This company has driven away major institutional investors because of their ATM habits since IPO. Let's put board to work and not encourage them on their bad management habits.
https://newsfilter.io/articles/c05101712eda1f25e92cf029990c98bf
I can’t find some info about companies that price previuosly went up after stock dilution, does anybody have some examples? Just would be interested to know. :)
https://finance.yahoo.com/news/greene-concepts-opens-funds-brokerage-140000665.html
Hope that helps I will be making a video!
I joined a startup earlier this year and part of my contract included options. We recently went through another round of funding and now our shares are in a tracking system as of today (15 minutes ago). I'm not quite understanding what I own, and am wondering if this sub can help before I contact Finance/HR.
My contract reads as follows:
>Options
>
>We will recommend to the Board of Directors of the Company that you be granted the opportunity to purchase shares of value $25,000 of the Company’s common stock through a stock option under the Company’s proposed equity incentive plan (the “Plan”) at the fair market value of the Company’s common stock as determined by the Company’s Board of Directors on the date that the Company Board of Directors approves such grant. However, the grant of any stock option by the Company is subject to the approval of the Company’s Board of Directors and this promise to recommend such approval is not a promise of compensation and is not intended to create any obligation on the part of the Company. Further details on the Plan and any specific stock option grant to you will be provided upon approval of such grant by the Company’s Board of Directors.
Obviously that verbiage is not quite in my favor, but it is what it is.
Per the options system, I have 8,993 unvested options with an exercise price of $0.31 (USD). That's about $2,800. The first 25% vest after 1 year, and then the rest vest at 3-month intervals.
Did I get absolutely screwed? Did the funding round dilute my shares that much?
Does anyone know off the top of their head when the lock comes off of prog in November allowing more share dilution. I know I can look it up but just ate pancakes and feeling lazy.
https://preview.redd.it/w28ic49cjtt71.png?width=1300&format=png&auto=webp&s=e2b8564a18d66b356ffbdc221ea0e781b3e83084
September 16, 2021 14:18
Helios (4593), a regenerative drug bio-venture listed on the TSE Mothers that utilizes iPS cells and somatic stem cells, plummeted for the first time in three business days. As of 1:44 pm, the price has remained at 2176 yen, down 215 yen (9.0%) from the previous business day. At one point, it fell to 2152 yen. On the 15th, it announced the issuance of new shares through overseas offering. There are concerns about the deterioration of stock supply and demand and the dilution of profit per share. 3.3 million shares will be issued, which is about 6.4% of the number of issued shares. The issue price is 2175 yen. Approximately 6.78 billion yen will be used for research and development. The company plans to develop therapeutic agents for ADRS (Acute Respiratory Distress Syndrome) and acute cerebral infarction, which are scheduled to be launched at an early stage, and to break away from bio-ventures to pharmaceutical companies. Promote research and development in the field of iPS regenerative medicine, and make it a pillar of medium- to long-term profits.
Tom Kerr is as stupid and “small thinker” as Steve Kerr
August 2020 dilution
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001706946/00b72060-244a-4fa1-9f0b-dcd0a7b5c168.pdf
On page 6 it says what the use of the funds are for.
“We intend to use the proceeds of this offering for general corporate purposes, including working capital, general and administrative matters, and capital expenditures”
July 2021 dilution
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001706946/380ce25b-e6b0-44f4-a2f1-7f71ae579682.pdf
On page 8 is says what they are using the funds for and it’s very different then the prior 2020 share dilution:
“…capital expenditures for our manufacturing capabilities, development of our spaceship fleet, and other infrastructure improvements “
Big difference and it’s not talked about enough. I expect to know what exactly they plan to use the funds for on August 5th. But unlike the 2020 dilution which was for general corporate purposes (nice way of saying we need more time as we are running out of money due to delays), I believe the recent dilution is for expanding the business with more spaceships in more spaceports. So in other-words to make the business more profitable and so they can meet the very high demand of people who want to travel to space.
A lot of young accounts are screaming and throwing tantrums at expected actions. FUD. We had 760 million volume yesterday alone and your scared of 11 million being bought up by retail the week the share count is revealed? He hasn't sold personal shares. Enough said.
Edit: it's not part of the 43 million. Gotta do some research. Or look to apes with wrinkles.
Here it is. 100% FUD. THESE SHARES WERE SOLD IN APRIL https://www.reddit.com/r/amcstock/comments/nrbl2e/the_11_millions_shares_offering_were_filled_today/?utm_medium=android_app&utm_source=share
Hey I appreciate any help someone can give me.
If I own 5% of the common shares in a company and therefore am promised 5% of the profit does dilution mean that I would get a lower % of the profit since my 5% got diluted to a lower number?
The document says 1,000,000 shares are issued and outstanding and 300,000 shares reserved for issuance or purchase- no shares of preferred stock. Does that mean that it's already set up to dilute the common stock? Can they keep diluting it by offering another round of funding?
After an unprecedented bad performance post-SPAC of this thinly traded stock, Uphealth is now aiming to become a penny stock by further diluting an already sinking stock!
Stock dilution is Uphealth's solution to the last 7 consecutive red days.
Exciting to see the price action today 🙂
NO on stock dilution(increasing of common stock will allow them to do more ATM). I voted NO also on executive pay increase using stock options (the chairman was selling 200,000 his common stock every monthly for over 2 years until November of this year. What a shame. He even sold around a $1) They should find ways to refinance. Junk bonds are getting 5% rate. The cannot dilute their way out of the debt on the expense of retail shareholders. We have given them over half a billion dollars to date. The CEO, CFO should be voted on to be fired. They are lazy and not putting the work for the money they earn or for the title. This company will be talking about bankruptcy if not retail investors. Personally, I have over 600,000 shares on 6 accounts and real deep in red. This company has driven away major institutional investors because of their ATM habits since IPO. Let's put board to work and not encourage them on their bad management habits.
