short they are. did everone notice they failed to mention renn is debt free with over 1 billion dollars in the bank. how many think if they were long that they would have forgotten to mention the super strong ballance sheet renn has?
reading the messages here i get the idea some are confused and thinks yasheng imports smokeable products which of coarse is still against the federal law. shirts and other items can be produced from hemp but compare the amount of hemp used in america to the amount of cotton used for shirts. cotton is much more popular.
4 million dollars in product with say a 25% profit margin would be a million in profit. the company says they will hire 15 new employies for the contract. if 15 men are paid $50,000 each, that comes to $750,000 to earn the company a profit of $250,000 before taxes. i believe this is why stock price is plunging. sounded really good untill you do the math.
if they hire the 15 new people at $50,000 each,that comes to $750,000 each year and the recieve $1,333,000 each year. not a big deal as deals go but it shows dynasil is moving in the right direction.
i dont like investing in a company and some weeks/months latter they dump a goodly amount of shares on the market lowering the value of my investment 30 or 40%. to my way of thinking that is a bad thing investment wise,even though i realize this is what companies have to do. i would just rather invest after added shares are on the market. and when you think of it everyone here came out of no where in that they were not here until they were.
should give the share price a good push.
stistics list total cash at $400 thousand and debt at $312 thousand. then they agree to pay mr cartwright[ new coo] $300 thousand dollars. the 66 million shares the company has outstanding is going to bump to 100 million in the next couple months to try to cover things is my guess. hope im wrong.