IBC Advanced Alloys reports FQ2 results

• IBC Advanced Alloys press release (OTCQB:IAALF): FQ2 Adj. EBITDA of $1.09M
• Revenue of $7.12M (+44.7% Y/Y).

Comments

[philseeker2]

BEWARE! EVEN MORE SHARE DILUTION!

Never ending share dilution with this company...

"IBC Advanced Alloys Corp. ("IBC" or the "Company") (TSX-V: IB; OTCQB: IAALF) announces that in accordance with the terms of (i) a convertible security funding agreement dated May 20, 2019 entered into between the Company and Lind Global Macro Fund, LP; and (ii) a convertible security funding agreement dated October 6, 2021 entered into between the Company and Lind Global Fund II, LP (collectively, the "Funding Agreements"), the investors thereof have elected to receive 302,427 common shares in the capital of the Company ("Common Shares") in satisfaction of C$51,715.11 in accrued interest payable to the Investors as of February 28, 2022 at a deemed issue price of $0.1710 per Common Share."

[philseeker2]

@philseeker2 Funny, they don't mention this:

SHARE DILUTION
Basic Weighted Average Shares Outstanding (Mil.) Annual Totals (Jun 2011 - Mar 2022):

3.2 4.1 4.9 6.8 8.1 11.8 30.2 34.0 36.2 51.2 62.7 79.8
3/13/2022 (Ameritrade) Shares Outstanding 79.8M

Incredible share dilution in 11 years! BEWARE!

Reverse Splits
2016-05-24 1:10
2012-12-04 1:6
So 60 shares prior to 2012-12-04 are now 1 share.
(these are the splits I know about)

[philseeker2]

WOW! Looka them profits!
"For the six months ended Dec. 31, 2021, the Company reported a loss of $237,000, which sharply narrowed its loss of $1.3 million for the comparable prior-year period."