Is it possible?It's been quite awhile without a second closing for the private placement. There undoubtedly has been year end loss selling putting pressure on the stock. One possibility is that there was not enough demand on the terms of the first closing. Another possibility is that there is something in the works regarding partnership or sale. If something was in the works, legal counsel would prevent a second closing based on material inside information which could not be disclosed to potential investors. The company would not be able to do a press release on why there was no second closing. In effect, if something was going on, the company would have to remain silent.
Is it possible that top broker is not objective? He just showed up on the scene recently. His comments for each director were extremely negative without one single positive comment for eight or nine people. Do you find that odd? Is it possible that his motivations are not altruistic. Is it possible that he is not just doing a public service. Is it possible that he has a financial interest in this. You can judge all of this based on his response. As a public company CFO, I had a lot of experience calling out hedge funds for their short positions. Is it possible that top broker has ulterior motivations. Judge by his response.