I’m in This Long.... and will remain so ...but whoever thought this would be palatable by shareholders thought wrong imho.
With a belief that this company will one day be NASDAQ ready and the NR from yesterday and the uptick based on that NR ....there is no reason to be giving shares away at $.20 and warrants at $.30. This could easily have been $.30 for shares and even $.45 for warrants ...which would have demonstrated a sincere belief that company revenues and sp are headed north to stay.
I hope to be proven wrong but this is Steve's first big misstep. Imho revenues will need to be phenomenal in the first two quarters to correct this. Again, hopefully I'm mistaken about the impact of the NR today. Shorters must have been terrified yesterday and licking their lips today.