$Inspire Veterinary Partners (IVP.US)$ The Company intends to use the net proceeds from the offering, if any, for working capital and general corporate purposes and to repay certain indebtedness.
Reverse split will be soon.
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Mcsnacks H Tupack
OPStock_Drift
:
Their ER has increased the last 12 months to almost a positive. But that's not due to their revenue since that has decreased in that time. So how can your ER have such a drastic change without a revenue increase? Hmmm....Maybe from offerings. So the investors are funding their ER increases. Which would be more but the CEO along with the directors and board members, get to keep their amount of shares when a reverse split happens. This is because only Class A shares get reverse split not their Class B which can be turned into Class A at any time like right after a RS. They could do a 1-50 RS making the stock price 13.00 then they could convert their millions of shares slowly at that price. Seems fair.
Mcsnacks H Tupack
OPBiff
:
Well I don't think they can break the .32. If they can't then it's down to the .10's again. The reverse split should be around February 11th unless they don't need stockholder approval anymore.
Mcsnacks H Tupack
OPStock_Drift
:
They need to get rid of the CEO and directors. How are you paying a CEO and 4 directors a million dollars when your revenue is 4 million. And that's revenue not profit. According to their books they don't make a profit. Yet pay inflated salaries. At least they have it so that revenue must be so high before they get bonuses which could be the reason for the current offering. They want to increase revenue so they get bonuses for running an unprofitable company. Its mind bending!
MARKET-TEST-DUMMY : Makes sense
Stock_Drift : Start here. Hopefully on 2/1/25
Biff : I'm holding free shares from the last run
Mcsnacks H Tupack OP Stock_Drift : Their ER has increased the last 12 months to almost a positive. But that's not due to their revenue since that has decreased in that time. So how can your ER have such a drastic change without a revenue increase? Hmmm....Maybe from offerings. So the investors are funding their ER increases. Which would be more but the CEO along with the directors and board members, get to keep their amount of shares when a reverse split happens. This is because only Class A shares get reverse split not their Class B which can be turned into Class A at any time like right after a RS. They could do a 1-50 RS making the stock price 13.00 then they could convert their millions of shares slowly at that price. Seems fair.
Mcsnacks H Tupack OP Biff : Well I don't think they can break the .32. If they can't then it's down to the .10's again. The reverse split should be around February 11th unless they don't need stockholder approval anymore.
Mcsnacks H Tupack OP Stock_Drift : They need to get rid of the CEO and directors. How are you paying a CEO and 4 directors a million dollars when your revenue is 4 million. And that's revenue not profit. According to their books they don't make a profit. Yet pay inflated salaries. At least they have it so that revenue must be so high before they get bonuses which could be the reason for the current offering. They want to increase revenue so they get bonuses for running an unprofitable company. Its mind bending!