bobbleheadtwin
1 day ago
With the Amalgamation the insiders will own more than 2/3 of the shares, the float will be 1/3. If they did reverse split 3-1 the amount of shares would be lower than today. This would give us about 6 months to trade with low float, and probably on better exchange. Remember the Amalgamation should mean the value of company would double, but if they have less shares the float is smaller when they uplist and more interesting for new investors. The insiders understand that if done all at the same time of uplisting it should be good for all. Gerald group is the wild card they want their money back with a large profit. better than dilution. Financing is key or offtake agreement. If offtake agreement they would not need to do reverse split, just a smaller loan and line of credit, that is why they have tried to do the offtake. Finally, I still believe, as some others here that if none of above this will be bought by Champion or other company in the area. But again, what do I know I have been here a long time waiting for something to happen.
bobbleheadtwin
2 days ago
I have never seen any dilution also, what do you think AYM shareholders are thinking, there 12 percent of LBRMF are frozen. I believe the last time they listed them on balance sheet it was at $.095. If they have earnings coming in or are using on their books, their shareholders will not be happy especially with their recent dilution. AYM down 6.5% today. LBRMF up 127% today. Could somebody be playing games by not filling? probably not but would be funny, hoping it is just late filling, remember Kearny has been financing the losses and may be doing something to get action from major shareholders. My mind hopes it is a game being played, but I'm usually wrong. Could also be worse case