Whatever happened to Valdor
A very serious board here.... so time for comedic relief. Does anyone remember the poster on here who was shamelessly pumping Valdor and how it was better than LTE...blah blah. Massive contracts etc.
As for LTE... likely some high calibre investors getting involved in the financing, heavily oversubsribed, brought and will bring more awareness to the stock. Ok, a discount but no warrant and 4 month hold, minimal dilution really. Punching out a mere 3 million shares that can be gobbled up swiftly by instituions should they come out. Sometimes liquidity more enticing to other subsets of investors, and stock not as gappy. If the business delivers, hardly a problem. I prefer to own free trading stock anyways, so not crying about the discount. Sometimes gotta pay the Street for coverage and institutional involvement which will ultimately benefit all retail and current shareholders who found this early. Instituations want big positions and hard to find stock in this deal with so few shares, so definitely seems strategic in nature. Besides that, not a bad idea to have a cushion and also if its for growth capital as seems to be the case.
And for what its worth IMHO, the co-founders and DSG have shares and if sold some and looking for a little liquidity after building a business over 10 years then they deserve it. I'd actually think something was wrong with them if they did not. We're not talking about insane amounts of selling. I imagine they had some pretty lean years over the last decade or so, keeping business afloat and proving the technology.