If I was Doug and had a choice between 6.5M but temporarily angry investors because of a delay that was out of my control OR not getting 6.5 M, I would choose the former.
I’m not saying this has been pleasant, because it hasn’t... But at the end of the day, the fundamentals here will dictate the SP. We lost all our momentum like Ciao said, and we may have been above $1 without this PP by now, but if this closes, 6 months from now this company will be much stronger than it was. I won’t mince words either, this has been brutal. Some longs may be jaded by this and won’t be quite as long after. But I’ll repeat what I said at the start of the post... if you’re building a company, and can get 6.5M you take it and worry about the SP later. I don’t think Doug is sadistically enjoying this, nor do I think he is on cruise control ignoring the passengers, but when the passengers are asking “are we there yet?”, and then you hit traffic, sometimes you gotta just focus on the road and wait till the lanes clear. I think this closes, but we may be weeks away still, I have no idea.
I’ll continue to trust the driver here.
My last word... for those willing to take a chance, the risk/reward is getting seriously attractive. Good luck to everyone.