May. 7 at 3:20 PM
$AMOD "AMOD sitting near
$11M market cap with only ~18.7M float" ignores the real issue.
~3.87M preferred just converted into ~109M common shares. Those shares hit outstanding after the 14C window and are locked until June 13, 2026 (assuming the S-1 becomes effective). That implies roughly ~159M total shares outstanding, with ~109M newly converted common shares plus another ~7M unlocked/resale shares — meaning ~116M+ shares could potentially become sellable around June 13, 2026.
On top of that, AMOD already filed for additional ATM financing capacity and disclosed the sale of another 2,433,564 shares for only ~
$1.9M in cash. They can continue issuing additional shares through the ATM and future financings.
That’s the massive dilution/overhang the market is pricing in — not the currently quoted “18.7M float.
