RE:RE:Thoughts? It seems you overlooked or missunderstood (a lot of) details in the reporting which is understandable for inexperienced retail investors. You seem to have it in for Ahmad Yehya...lol...But Michael Aucoin was in charge and it seems from the director resignations they all bounced suddenly leaving Ahmad with a buring coal in his hand, lol. Also you need to realize something, with small cap companies, there is a lot of string pulling from the people that put the money in. So Ahmad, or like any other founder, is usually always between a very hard rock and a hard place. Also, the company is public, Ahmad is an employee too (FYI). So a salary is a salary. Also, the poor guy did put money into the company which you obviously missed...His total money in to the company was like $600k. $200K just this year before Michael Aucoin left. So it says he tried....it's something. About the personal bankruptcy part, I belive you are way out there and that's propably because you have no experience in small caps.
The life cycle can be short and that's liquidity driven, not necessarily a fault of the company's management. It's usually like this: A small firm with potential is promised great things by capital market guys (same story is litterally repeated every day), it's taken public with lots of marketing dollars promoting the stock, they sell and walk away with the stock falling (pump & dump). In this case, the company could have raised money and from the reports, that was the plan. However, the liquidity in the market changed and they couldn't raise money. It happens in a recession. You seem to be new to capital markets (guaging from all your comments) and propably hurt somehow by what happened at Nabati. This is also happening to several other companies by the way. In the end, the company gets "recycled". Employees find jobs. Vendors do a bad debt write off and benefit on their tax return (if profitable). It happens, lol. Singling out Nabati is just out of spite. It's not any different from other companies in the market right now....literally they aren't the only ones going through this... I could be wrong, there is always a chance things recover. Investment comes in and saves the day. It's all about the market and its appetite.