Jun. 13 at 3:06 AM
$CJMB The company will likely push the stock price significantly higher in the near term to facilitate dilution. Because
$CJMB currently has a low valuation, it falls under the SEC’s "baby shelf rule" (Instruction I.B.6 of Form S-3), which limits public floating capital raises to one-third of their market cap over a 12-month period. To bypass this restriction and effectively clear out their large At-The-Market (ATM) offering and outstanding warrants, management needs to aggressively increase their market capitalization. By driving the stock up let’s say to 2 dollars or more they can aggressively dilute up to the 15% threshold while maximizing capital influx. Extremely bullish.
