Can't go wrong with DLYT at these prices. We ran up to $2.60 not too long ago. This is so lightly traded that it moves up quickly when we get some large buys. Should be good for a quick double in the short term or a 5 bagger in a few months.
so they will have 200 million authorized shares. How often do these .ob stocks actually issue there complete authorized as outstanding? In other words should we be worried that there will be 200 million o/s shares in the near to mid term?
That's a very good question. It seems to me if they have a legitimate $200 million deal that the revenues from that should fund expenses unless they need to finance the infrastructure first to generate those revenues.
I've continued to buy at these levels. However, I read that they want to double the authorized shares. I hope they are not going to dillute the heck out of this stock. You'd think with a $200 Million contract they wouldn't need to do that. Any thoughts out there?