Jun. 23 at 7:06 PM
$EOSE Authorized shares are not the same as issued shares. No 200 million shares were issued when the proposal passed. The company stated the increase was intended to provide flexibility for Frontier Power USA, convertible note settlements, future financing, and other corporate purposes. Actual dilution only occurs when shares are issued. More importantly, EOSE is not in a cash-crisis situation. The company has already secured significant financing and has guided toward improving operations and profitability. If management were desperate for cash, that would be one thing. But claiming that 200 million shares have already been dumped on shareholders is simply false. Nice work though.
