Its a big raise, almost 50% of existing stock. Future growth will be more constrained due to higher number of shares.
The chart I posted earlier today shows that the stock has done very little of the last 10 years. In fact despite peaks and troughs, over the last four years it’s finished each year about where it started.
As a long term holder I have found that it is best to sell out in the peaks (last mid 50’s) and buy back on the lows (this time maybe $0.35). Just my opinion, but better than tying yr money up bike and at risk for 10 yrs.
CDY Price at posting:
40.0¢ Sentiment: None Disclosure: Held