- 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.
For further details see:
AgriFORCE Growing Systems - The New Acquisitions Seem Expensive And I'm Bearish