Nov. 12 at 10:33 PM
$NBND the market has spoken and it doesn’t like what it sees. Heavy and relentless dilution means Trillium is the big winner, with Adler getting some scraps if he behaves. Everyone else loses.
Trillium has not fully converted shares. There are likely to be months more worth of shares - around 100 million more - diluting O/S.
Then, this new agreement to purchase up to
$10 million worth at a 15% discount. Think about this. Trillium will dilute up to the 250 million authorized limit. At current prices that values the company at 800K. So where do we get
$10 million from? Think reverse split and then more dilution. I bet A/S will be adjusted upward again soon….