RE:Kieth a lying scumbagWhat did you expect from a former trader at a bucket shop and former football player. The transaction is brutal. WMD shareholders diluted and acquired a dud of a company in Starseed. Starseed run rate revenues of $10mm and $17MM SG&A spend! As said before, this was an M&A deal done out of survival. Liuna put in $25mm to try and save its failing investment in Starseed. WMD diluted the hell out of its shareholders to get the cash. They do have a significant cash balance with the combined WMD + Starseed + Liuna cash (however, it's probably down $8-10mm from the presentation as numbers are at Sept 30/19). They've got more runway, but this is not the management team that knows how to be good stewards of capital.
Thanos "snap".