Jul. 30 at 10:01 AM
$GOSS : I got a ‘fact-check’ response but apparently the user blocked me IDK why, as to their claims:
1. 175M raise and 500M new shares were example numbers from my end (read: Let’s say they add, by definition of course this is speculative); 30% dilution is a back of the envelope calculation for someone with avg cost basis 0.17-0.19, it’s directional
2. And no, it’s not entirely speculative and not even a ‘If’ but ‘When’ question, their cash is some
$50M and their monthly burn is
$14M, won’t get them through the end of the year even, forget the next year, so yes, expect a dilution soon.
