GREY:LFDEF - Post by User
Comment by
aushuckson Dec 23, 2018 4:28pm
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Post# 29152360
RE:RE:best F9 launch view ever !
RE:RE:best F9 launch view ever !Goes to show you how you think. Larson, both of them are multi millionaires, They made their riches off the back of shareholders. They both saw an opportunity of a lifetime and took it, anyone would. Scott was the smartest of the two though, he involved Chell to catapult them to 5$ and did the 100M raise to buy the near defunct satties. The other Larson wanted to do the same when he was at the helm elbiet in desperation, Sai said no and quickly dismissed him.
It's way to late for a pump now, the market and financiers have all but figured them out. Here's a look into my crystal ball, skidmores are out, Sai's in default, 2 legal disputes have given them cold feet. It doesn't take rocket science, no pun intended, Sai will drag this out until December 31st and make a terse announcement at 4:45pm PST, the deal is dead and they will continue to seak alternate transactions with other lenders. Sp 10-11 pennies unless the market has already factored in the failed deal.
There may be one more kick at the cat, another financing at an embarrassing low price which I'm sure Sai is cringing at right now thinking of how he's going to convince the market and what he needs to do to keep employed. There's no money to made from the birds in space so forget about trying to sell them. Then there's the matter of continued listing on the TSX, there will be no more extensions. Has anyone taken a head count of remaining employee's?
This really suX, i'm pretty much a major shareholder and as the old saying goes, never fall in love with a stock, get out of dodge when those who started or built the company leave. Game over if Sai annouces his resignation.