Official Penny Stock Day Trade / Short Term

kr0zet wrote: ↑ Strictly Dividend play? I've held this for years just for the dividend.

geokilla wrote: ↑ IPA is under $7. Red market.

that allows the Company to issue shares of the Company to the public from time to time at the Company's discretion, effective until August 6, 2022 unless terminated prior to such date by the Company. This ATM Program replaces the prior program renewed in April 2021 that has terminated. Any Class A Shares or Preferred Shares sold in the ATM Program will be sold through the Toronto Stock Exchange (the "TSX") or any other marketplace in Canada on which the Class A Shares and Preferred Shares are listed, quoted or otherwise traded at the prevailing market price at the time of sale.

Sales of Class A Shares and Preferred Shares will be made by way of "at-the-market distributions" as defined in National Instrument 44-102 Shelf Distributions on the TSX or on any marketplace for the Class A Shares and Preferred Shares in Canada. Since the Class A Shares and Preferred Shares will be distributed at the prevailing market prices at the time of the sale, prices may vary among purchasers during the period of distribution. The ATM Program is being offered pursuant to a prospectus supplement dated July 29, 2021 to the Company's short form base shelf prospectus dated July 3, 2020, as amended on April 14, 2021. The maximum gross proceeds from the issuance of the shares will be $140,000,000.

faken wrote: ↑ Lol PSFE. Amazing earnings yet it drops. Revenue up 41% since last year. Everything up 10%. I'm gonna buy more

notenoughsleep wrote: ↑ I think you flipped the numbers. TPV up 41%, revenue up only 13% YoY. Revenue growth of 13% is pretty low for a fintech (e.g. PAYO had 41.5% revenue growth YoY). I'm currently holding some at a 20% loss, not selling but not adding either.

srz5095 wrote: ↑ Are you still holding FORT?

kr0zet wrote: ↑ After @CDNGreenTrader mentioned DFN I decided to take a look. I have owned FTN in the past but not recently. Something I have seen on DFN is the recent news that DFN has renewed its at-the-market equity program. I wasn't aware what this was so I did some digging...





If I am understanding this the split corp can issue about 1.6 million new shares over the next year at their discretion? The current float isn't huge at 78.2 million shares outstanding but is substantially more than FTN (22.8 Million Shares) and FFN (29.6 Million Shares), all split corps run by Quadravest.

I also think I understand how these investments make income; dividends from the underlying equity that they own and selling covered calls for those equities. Researching all of them I see that they all have ATM programs as well and do issue additional stock from time to time (FNN issued $43 million on July 5th).

My question is, does the income from these ATM's go to help cover the dividend's that they are paying out? I cannot find anything on that but it seems that they must be generating funds from other sources than covered calls and equity dividends to cover off such high yield. If they are using ATM's to cover dividends how are these sustainable? How does one find the true value of a unit and what metric do you follow to see if they are healthy or not?

FNN didn't pay out a dividend for almost all of 2020 and missed 2 months over the 4 years before that. FTN has almost the same dividend track record as FNN. DFN has only missed 4 months since 2016.

Any info on how these Split Corps generate such returns or what the ATM's are going to fund would be apricated. Also would it be better to hold one of the smaller float Split Corps (FTN or FNN) over the larger float DFN? and any pointers on how to measure if these split corps are healthy and sustainable?

EDIT : I just read thru @MrMikeDD thread and think I have a better grasp of these products. Don't want to beat a dead horse so feel free to ignore this post. I was just interested in the ATM's being used to cover the high yield.