RE:RE:RE:RE:RE:Trolls here have nothing and they know itI highly doubt anyone from Xly , is shorting directly.
However, they by virtue of their deal with Mmcap have done little to prevent short manipulation.
Additionally, they admitted on the first QA that they were aware of the Mmcap . Yet , justified it by stating they had no choice but to do the deal.
The issue on that is that by the very fact that they did that raise knowing full well the implications to shareholders is suspect at least. Was it not enough to give them 336 warrants on top of the debenture and the interest they paid all along the way.
And after the shareholders suffered the consequences of this crappola deal. Raffici did it again..... which is completely unforgivable.......
Was any of these deals even Nessesary. By the very fact that they either doled out that cash for less than the debenture cost , or held an equivalent sum or more in their coffers says it was unnecessary deal to do certainly not an example of any degree of business acumen.....
then in all along the way they have skimmed equity out of the company continuing to do so on top of their fat salary....
riddle me this ? With 119 million in cash as of June and 96 million in debenture due in January. Unless they achieve a sp greater than 1.85 .....
And given that the June debentures did not convert at a dollar.........and given they have no significant revenue streams coming in before January 23, 2020 ....How are they going to pay the debenture without giving away the farm by way of another dilutive raise ....
based on their burn rate 12-14 million a quarter .... currently have 90 million in debt based on their burn and 96 million plus a 6 million interest payment ....how the hellll is this going to work out for shareholders......
Did anyone bother to ask this question at the AGM ...or on the koolaid page?