Two million share repurchase programFSD spent 2 million or almost 2 million to get the shares from $0.73 a share and days from delisting to $2.04 a share just to drop to $1.115 a share a few months later. The news today had zero effect and we are now $0.115 cents from being back in the NASDAQ bad books of potential delisting. Do we have another 2 million in the vault to buy more shares to get this up and stall the inevitable. We went from a repurchase program and CELCIUS 2.0 to total collapse of share value and a 53 million dollar lawsuit on a claim that looks very bad for FSD.
Lets be realistic here, they secretly get inside information about a companies new product, they start marketing their own brand before getting legal rights to the product, and now they are being sued. To try and justify this as being a false claim is stupid. Clearly there is merit to the claim.
FSD had a 110 million valuation and now are probably around 50 in a month.
We are so sad as investors we are proud they paid money to be a speaker at a useless forum.
Oh well, its not like any of us were that shocked by the short rise and fast downfall of this company yet again. Since 2018 how many failures, lost lawsuits for misleading shareholders (that was AD that mislead shareholders not RAZA by the way, i sat through some of his interviews with David, I remember)
Look at the non stop waste in advertising budget. Insanity. We have zero products to sell and we spend millions on advertising. Friends of friends is all that is. Its a way to legally get funds out of the company before its gone . PROVE ME WRONG