Urthecast Corp T.UR

RE:RE:RE:RE:RE:RE:This bull run

[nkbourbaki]

Wsaks00 wrote:
Part of me thinks that when a company puts out one press release on Monday about a Chinese deal, only to follow up on Tuesday with a second Chinese deal, and a note confirming that over $100M commitments have been achieved, that the company understand that a slow steady release of news will significantly run the price up as investors get excited. The only reason to methodically raise the share price is to get some immediate value out of it - I.e. Issue new shares, since it's unlikely that insiders would sell shares.

I also find the timing of the recent PR to be suspicious.  Certainly feels like they're trying to juice the price.  But then the CFO is quoted in the Q3 release as saying

"At this time we have expressions of interest that indicate we can finance UrtheDaily's capital needs entirely with senior secured debt and subordinated capital.   We expect this to close by the end of 2017.  The entire financing package is expected to be very attractive for shareholders.  Upon closing this financing, we believe that we will have a clear path to the launch and commercialization of the UrtheDaily Constellation."

These guys have to know that their habit of overpromising / underdelivering has led to very low market credibility (witnessed by the suppressed stock price despite them implying the financing is all but signed).  They'd really cement their reputation if they sell more equity after this statement.  

I was much more confident in the nature of the financing *before* these recent PRs.