Lode normally moves down ahead of bad news or earnings. It has been very holding its own in the last few weeks. So maybe good news is coming.
Went from 85 million to 145 million. that's almost 60 million shares
The conversion definitely does cause dilution.
Before you had 85 million shares , now you have 145 million. They just accelerated the conversion which increased the common shares causing dilution.
I am just not understanding why the price is up.
These was not liabilities on the books so that is not true,
Someone who knows what they are talking about is welcome to answer
What was the reason to convert preferred to common shares now. Is a reverse coming the reason? Does it matter?
I guess they have been given a reprieve on the stock price being lower then $1.