RE:RE:RE:RE:Where is the news?As we are now in the 3 cent rage - 90% down from my rough entry point, I want to be more succinct about what I have suggested.
I don't think the management believes the company can be profitable - either that or they aren't certain about the product's timeliness / certainty of lwide success in the market - and that this is the reason for their behavior which seems at odds with what we would expect at this point.
Meanwhile, the company is the means to generous salaries for its top management and the public float can be an exit plan for placement financers assuming the SP can actually stay above any financing done.
I believe the business will sustain itself on offerings which we will indirectly pay for through value loss of our shares as cheap (or even, the powers help us, free) paper held by financers floods the float. The management will continue to pay itself handsomely. Unless something very significant happens soon more of this complete SP destruction is the inevitable result.
throwaway11 wrote: This. The phrase that actions speak louder than words is one I take seriously. Seeing how the top management was paying itself and spending on stock promotion services and then being diluted with an offering at 0.12 was concerning to me. Is having a decent amount of cash on hand not important to seize opportunities or deal with setbacks? Why not let owned shares and derivatives be an incentive instead of huge salaries? I have seen only two insider buys, both from Sokhie Puar, over two years.
Meanwhile we are still not even sure on the "if" and "when" of substantial revenue at almost 95% down from our IPO. If you look at old investor videos, the investor presentation, and so on, we've missed a crazy amount of goalposts. Understandable with all the resource, economic, political, supply chain and geopolitical difficulties. But then why haven't they changed their spending habits? Why don't things seem to be orienting around seeing the tech out in a timely manner? Do they think we are going to make it in time at all?
I have to admit I am having an extraordinary amount of trouble objectively seeing this company right now, but it feels like they are quietly taking a bearish view on their own stock while we are still trying to be bulls.