To Joe or not to JoeHere is my take:
If this is Joe, then I have had enough. I am fed up and I am through with this company. I will look for an exit. I mean that would mean that he would get to trade these shares in July. I do not have the energy to have to worry about Joe until August, and it would show that they have not learned a thing and that the end is not even close for this company and that the stock going up in price is not close for this company. I won't throw my shares at the market willy nilly, but I will be finished. I fought the good fight, but the company wasn't fighting with me.
If this is not Joe, then a cash raise can be a good thing in the market's eyes. More money to move forward. The real nemesis of these start ups is if no one thinks they are worth giving money to because they don't have a hope or a plan. So this cash raise won't bother me. If it is not Joe, then it will also show that they have learned their lesson, and frankly, that actually excites me. I have been waiting for the next cash raise, (sooner than I expected for sure) and I have been waiting to see if they are finished with Joe. If they are finished with Joe, then it is all systems go.
So in a nutshell, if this is Joe, you will be rid of me shortly. If this is not Joe, then the company seems to have finally learned their lesson and can move forward with backers who don't sell millions of shares into the bid.
I don't like that they didn't say who backed the one million dollars. It makes me think that it is Joe and they are ashamed of it.
Anyway, will write them and look for confirmation.