If you’re curious about $AXT(AXTI.US):
It’s down 21% on the new potential dilution news.Board wanted to add 50M more shares (up to $2B worth to dilute) for shareholders vote in the 14th.70m -> 120m shares.I say this about $IREN(IREN.US) excessive $6B dilution and it’s the same with AXT price proposal that I hold. I would not “trust in management” to use it wisely and the fact it’s filed is a red flag.That being said: we’ll see what happens on the 14th. If it passes for 50m more share authorized dilution, I personally would not hold.But it fails, I expect a recovery.Source: Serenity
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