$CleanSpark (CLSK.US)$ Dilution...not good. Doubling amount ...
$CleanSpark (CLSK.US)$ Dilution...not good. Doubling amount of shares will only cut your positions by %50....I'm out.
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only yan : What does 'double' mean?
104298925 : This may or may not be correct, Do not be too influenced by the bears on the market preying on your fear and lack of knowledge.
CleanSpark’s proposal to double its authorized shares from 300 million to 600 million is aimed at increasing its ability to raise capital in the future. This increase does not determine the price at which new shares will be issued. The company plans to use this potential capital for operational and capital expenses. The actual issuance price will be based on market conditions at the time. Therefore, this move does not imply that shares will be sold at half the current market price.