Post by
geodcan on Apr 20, 2021 8:34pm
a lot of things I don't like about the way this has been
handled since the deal to merge the two companies. This latest financing sounds like a big deal when they are talking 30 million but lost some effect when it was actually 4 million and it looks like they are still keeping it in the family albeit once removed from the guys on the payroll. There's still a billion plus shares to deal with which are going to require at least a 10 to 1 rollback and the sp will probably float to where it is now if they keep draggin' this out. A billion shares is an eye opener which suggests lots of financing to bolster up a company that failed and got repo'ed by the owner and he kept the same manager who tanked Dixie. Not even another suitor's offer showed up!
On the surface the sum of the parts should synergize each other but this is still run like a privately held company and it is not. This is a publicly traded company and shareholders need honest answers and interactions. Shareholders first!
I can't believe this happened the way it has unless it was by design! glta and dyodd
Comment by
Jo1987 on Apr 23, 2021 12:57pm
Well, the "positive" thing is that the old shares are now basically worth zero. So one can finally write off the entire money and see this as a lottery ticket.
Comment by
Jo1987 on Apr 23, 2021 1:00pm
But yeah, this looks like they now give the shares back to the guys that sold the shares at 1$ and then tanked it...for 10% of the initial price.