RE:Stock would be trading higher if !!!
Here is what I would say to this:
It's always easy to look back and tear things people said apart. Hind sight is always 20/20. So the company said it believes its cash position is adequate.
Sometime things change, plans change, pandemics happen, whatever. Maybe they want to do more than they had planned back in NOVEMBER.
I also can't confirm whether Benic said there would be no more dilution on the call, but if he did, see my previous point.
The flip side is the company market cap double in the last couple of weeks and they raised 15M in a market that is ridiculously weak, capital wise. If you take the whole package and pay attention to the details (everything is out there), then you know where the price will be in 6 or 12 months.
Stuff this under your pillow and look at it on December 25th. It'll be a terrific present.
Here is what I would say to this:
It's always easy to look back and tear things people said apart. Hind sight is always 20/20. So the company said it believes its cash position is adequate. Sometime things change, plans change, pandemics happen, whatever. Maybe they want to do more than they had planned back in NOVEMBER. I alos can't confirm whether Benic said there would be no more dilution on the call, but if he did, see my previous point. The flip side is the company market cap double in the last couple of weeks and they raised 15M in a market that is ridiculously weak, capital wise. If you take the whole package and pay attention to the details (everything is out there), then you know where the price will be in 6 or 12 months. Stuff this under your pillow and look at it on December 25th. It'll be a terrific present. If you want to just trade this stock, I can't help you. Reading charts are greek to me.
Yes, I like cliches