I think if Lode expects to be cash flow positive for sure in 1st quarter, we might not have seen another offering becuase they feel they can use their line of credit since they will be cash flow positive very soon.
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LODE.K : NYSE MKT LLC
Industry: Gold Mining
Large Block Owners
Total Number of Shares Held
% Change in Ownership
% Shares Owned
% of Shrs.
Other Major Holders
If you look the big boys have actually accumulated shares the whole time LODE has gone done. Check out institutional buying if you dont believe me. Shares have gone down on little volume. Just being manipulated.
If they make money, who cares if they have 120 million shares or 90 million shares. It's already known. Dilution will slow down as we get cash flow positive. Price will move if cash flow positive even if dilution. Have seen it with other stocks.
They didnt have 20,000 OZ shipped though. They were on target to produce 20,000 annually.
If they had 20,000 annually produced and take out some non recurring charges, they would be profitable.
With converted shares if we have over 100 million shares , that is not that much compared to other companies similiar. I do not see a reverse coming. Also cash flow will start getting price moving. No need for that reason to have reverse
I noticed during the conference call the question on whether we can expect a reverse split was ignored by Corrado or maybe he just forgot to answer as it was a 3 part question. even with over 100 million shares after preferred's I do not see a need for a reverse split. Anyone agree or disagree. No response needed from bashers.