ToucanYoucan
2 years ago
$REOS - I see REOS is taking a dive this morning. I was thinking of picking up some.
At 12/31/21, the Outstanding Shares totaled 80,743,919.
At 2/13/23, per otcmarkets.com, it's at 88,343,919 - An increase of 7,600,000 shares.
Still a great share structure imo. Were the 7,600,000 shares issued as part of an acquisition or for a note?
It would be nice to see some current financial statements.
https://www.otcmarkets.com/stock/REOS/security
ToucanYoucan
2 years ago
$REOS - If we get more "news", we'll be below a penny! lol
But, seriously, it's just a LOI, so we'll see what happens.
If they are trying to put together a portfolio, it's actually a good idea to start out with some solid companies that have been around a while and produce some steady cash flow.
Or, put another way, you don't want to start out by acquiring a business that will suck cash out the company.
Remember, REOS has a totally clean balance sheet after the bankruptcy was administered for many years and finally discharged. The Balance sheet was basically zeroed out.