Shares of Embarr Downs Inc (OTCMKTS:EMBR) are trading down today on heavy volume, giving back some of the gains the stock realized over the last several trading days. While the company has recently been a part of a merger with Pest Pilot, a company relying on aerial drones to tackle insect infestations, and a deal had been signed with seven vineyards in Napa Valley, Calfornia, many investors are wondering just how much dilution may be going on by the company. As of December 11th, there were only 49,338,447 shares issued and outstanding, but yesterday alone we saw over 100 million shares trade hands. This appears to point to the dilution of Embarr Downs Inc’s (OTCMKTS:EMBR) stock. It will be inetresting to watch trading over the remainder of this week.
The stock is down 6.67% or $0.0001 following the news, hitting $0.0014 per share. It is down 44.44% since May 18, 2015 and is downtrending. It has underperformed the S&P500 by 40.77%.
Embarr Downs, Inc. is a development-stage company. The company has a market cap of $80,600. The Company’s business is the buying, selling and racing of thoroughbreds that can race in the allowance and stakes levels of thoroughbred racing. It currently has negative earnings. On August 29, 2014, the Company acquired W+B Partners.