Oct. 8 at 9:54 AM
$RIME
RIME at an inflection, and guiding to grow 100% qoq. This 7m market cap has massive potential even with dilution. They are making MOVES, and have big backing from multinational companies.
2 things happening with dilution on this low float under recent filings; 1. They are asking shareholders to increase stock incentives for Employees so they can attract, retain talent, that’s a good thing. 5m seems like a lot of shares to ask shareholders for but most they can dilute is 15% per year under those issuances. So most they double shares by 2030 under this agreement.
And most they can dilute under Nasdaq rule is 20% to Steeterville. I’ll let you do the math. Even with dilution risk, the multi year risk/reward here is incredible. They’ll have to stay under 3m cash
balance.
Their model is excellent and they are proving it. this is aggressive expansion for a tiny cap and they are finding creative multi pronged ways to expand. Like the recent board appointments too.
