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Dilution Will Afflict Shares of G Medical Innovations Holdings Ltd.
Shares of G Medical Innovations Holdings Ltd. (NASDAQ:GMVD) rocketed up 280% in the past month, rising from a record low close of $1.61 on Dec. 29, 2021 to a record high close of $6.12 on Jan. 19, 2022. Although the price has since dropped to as low as $4.18, we believe it has further to fall.