RE:calling investor relations todayYes, I will be joining you with a call to IR today. The news is troubling because it shows a lack of planning and total disregard for shareholder value.
From July 13 - August 8th last year the stock price was more than double the price it is today. From July 25th thru' August 15th the stock traded at over $2/share. If management knew that they would need cash within 6 months of that time frame they could have done the PP then, sold 5 million shares and made more money and had 50% less dilution.
So why didn't they do this, instead of having a PP now close to the bottom of the market? This is what posters here need to call IR and ask about. How come Ian Stalker was not able to anticipate this cash shortfall? In his interviews he bragged about the ability of K92 to provide for its cash needs going forward from cash flow. What's changed and why wasn't the change anticipated earlier?