RE:RE:RE:Absolute joke!!It absolutley boggles my mind that anyone would be ok with todays private placement.
- Inmed was not in a pinch for cash - they just raised $8M in Nov.
- The sp literally closed at $4.19 four days ago - how is this capitalizing on price appreciation?
- How does this justify an immediate 15% dilution (and further dilution when warrants are exercised)
- If commercialization was eminent (as they stated it was), why not wait til then to capitalize on a big sp appreciation
So not only did Adams do a reverse split, he then diluted with the IPO (which was a bad deal) then diuted further AT A LOWER SP when there was no eminent need for cash.
Does this seem like sound leadership?
Honestly, Adams has to be in love with their current shareholders because you guys find a silver lining to everything he does. Someone on the FB page actually said "do you think they'll use the money to buy Baymedica"? I've seen alot of wacky things posted, but that one actually might take the cake.
I really do wish you all good luck but boy oh boy.......