RE:WHAT NEXT...!When there is a capital raise, it's always silent as to not affect share price until the deal is done. But judging by what Penhale had said when she took over as CEO, Tenet under JJ didn't even reach the minimum levels of the raise at that time (the one at the 72 cent mark). And they had lowered it from $1.00. So yeah...... the fate of the company now rests on a "Jean Leblond" and his connections/track-record in salvaging Tenet and its growth aspirations.
I sold off 3/4 of my shares to de-risk at a significant loss when all the sh1t-show back and forth unporofessionalism in the company hit the fan. A few days before Leblond came in. If Leblond is successful in securing the funds I MIGHT consider going back in, but only to get back to even. The dilution that will most likely be created and China's leader dictator aspirations on the world scene will most likely cancel out the Upstart Holdings type of dream ascension that I was hoping would happen with Tenet. The best I could hope for now is the $3 range, if they make it, so I can get back to even with the remaining shares.
But judging by JJ's lack of planification when dealing with obstacles and timelines, I would rather get back in once the reverse splits are over and done with. IMHO, he will continue to rack up high burn rates... resulting in more dilution. He didn't do his job in selling his vision to the average investor in SHOWING the business hub in action thus far with the crumbling investor confidence in him as a leader. When you can't even convince your own board members of your vision that they end of booting you out, it means something imho. And I finally saw it in the re-watching of that Tetreault interview with JJ.
I really do hope that the company's growth strategy and financials can be salvaged, for the sake of all investors. I try to be realistic. But let's see what happens.
An interesting flip for any troubled stomachs out there burned by PKK would be Auxico Resources (great tech in maximizing recoverable material), FOBI AI (long term play) and I3 Energy (they have just entered into some Clearwater play, lot's of growth ahead).
Good luck to all of you holding on still, myself included,
God bless,
PR
HarfanddesNeiges wrote: JJ and his band haven't been very vocal for 3 weeks. GLTA