Jan. 6 at 4:19 PM
$MWG
Exactly two years ago, this traded at 27 cents. Two years later, this is still trading at 27 cents.
During those two years, they diluted the outstanding shares plus warrant from about 30m shares to 70m shares! That is almost 133% dilution!
During those two years, the first family of this Singapore company awarded themselves with equities for a job well done.
They will keep diluting and this will keep trading in this range while they keep extracting reward for the great job they are doing. Who pays for all this?
