RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Lesson LearnedDoccole wrote: Lol so true!
I just don't get it. I understand the the raise purpose. I guess I was hoping to acquire enough $ through deals to fund phase 3. Which the CEO insinuated the fireside chats. Dude Is Very misleading.
Those were my initial thoughts too, Doc. Not only the fireside chats, but from what was implied in the shelf prospectus and other statements as well.
We were not expecting an equity raise this soon, if at all. Dan has always been a straightshooter. He thought that a partner would fund PH 3. So it was a bit of a curve to hear this now.
It is for this reason that I think that when Dan has an opportunity to explain this, he will say that the PO price was agreed to a few days back when the SP was lower, that there was a short fuze involved, and that it presented a favorable opportunity to raise cash at very favorable terms.
In this vein he could be right. And it might be a good call. I guess we will soon see.