Re: More shares being issued?
in response to
by
posted on
Nov 23, 2015 08:54PM
XTouch Metal Mesh Touch Sensors and Diamond Guard Hard Coat Resin (Glass Replacement Technology)
All companies dilute as a way to raise capital to grow the company. As long as the capital being raised allows for growth, sales, revs etc, it is not a bad thing. This particular method they have announced appears a bit more investor friendly than the Hudson Bay deal, however, it really is not crystal clear yet.
If they get rid of HB as planned, strike one or more deals in the relative short term, this company should be looking quite good in a quarter or two, if not sooner.
Fortunately UNXL has a very low outstanding share count, which allows them room to raise money without acquiring massive debt or dilution.
From previous conversations it is my understanding that they expected to remain under 30 M shares outstanding when all is said and done. But that was a few weeks back. We'll have to wait and see if the devil's in the details.
Too bad they couldn't talk INTEL out of $10 Million. lol