AGRI - AgriFORCE Growing Systems - The New Acquisitions Seem Expensive And I'm Bearish

• The company is buying Delphy and Deroose for $98 million and the two have a combined net income of just over $4 million.
• AgriFORCE had $7.78 million in cash as of December 2021 and the purchases are likely to result in significant stock dilution.
• The operating loss of AgriFORCE was $6.93 million in 2021 and I’m bearish.
• The short borrow fee rate is above 140%, and I think investors should wait for it to drop to double-digit percentage figures before considering opening a short position.

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