RoodMicrotec is a small "semiconductor company supplying products (chips and packaged devices) and services."
In the past few years it has been losing money whilst selling shares to finance operations.
2013 39 million shares
2014 43 million shares
2015 54 million shares
2016 63 millions shares
In total 24 million shares sold to investors at an average price of roughly 20 cents each, resulting in 4,8 million Euros flowing into the company. Today total equity (book value) is only 4 million...
Shareholders are the only thing keeping this company from going bankrupt.
Not a stock for the Graham Defensive Investor.
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