Penalty for Piling on!!!Seeking Alph article continues to hammer Focus. At some point you guys will get this.
Here is a quote:
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The Focus Graphite story has been disintegrating rapidly. It seems as if investors have lost faith in the management team as is evidenced by the stock's 75+% decline year to date, 2 partial placements, and the departure of all major shareholders except for Jeffrey York. As the company attempts to raise money yet again we are confused by management's strategy of not promoting the offering or explaining how it will use the proceeds. We note the company's need for funds (given its balance sheet and its past expenditures) in order to continue its day-to-day operations as the only logical use for these funds without any indication otherwise.
This reality coupled with the company's incomplete strategy makes Focus Graphite a questionable investment, despite the substantial decline in the share price.The Focus Graphite story has been disintegrating rapidly. It seems as if investors have lost faith in the management team as is evidenced by the stock's 75+% decline year to date, 2 partial placements, and the departure of all major shareholders except for Jeffrey York.
As the company attempts to raise money yet again we are confused by management's strategy of not promoting the offering or explaining how it will use the proceeds. We note the company's need for funds (given its balance sheet and its past expenditures) in order to continue its day-to-day operations as the only logical use for these funds without any indication otherwise.
This reality coupled with the company's incomplete strategy makes Focus Graphite a questionable investment, despite the substantial decline in the share price.
Link to article:
https://seekingalpha.com/article/3509086-focus-graphite-wont-get-fooled-again