Jun. 20 at 11:10 PM
$ANTA No longer interested in holding this long term.
The IPO was only a month ago and they've already announced they're going to be doing a offering that will dilute the OS (23m) by ~2.75x
Outright states they're going to "possibly" issue shares
"issuing ordinary shares or other securities to raise funds to acquire digital gold"
But it's basically confirmed by raising their authorized sharecount by an additional 12 million.
“US
$50,000 divided into 50,000,000 Ordinary Shares of a par value of US
$0.001 each” to “US
$62,500 divided into 62,500,000 Ordinary Shares of a par value of US
$0.001 each” by the creation of an additional 12,500,000 Ordinary Shares of a par value of US
$0.001 each to rank pari passu in all respects with the existing shares. "
This will not happen for at least one month. I'm sure this will return to at least the IPO price before then, but it's unlikely to hit anywhere near
$20 in the future without a pump and dump manipulation.
