RE:RE:RE:RE:Interestingso many excellent posts to go through...wow the quality of info on this BB is amazing.
fwiw here are my thoughts on the ATM:
1. it's $30M offering ATM. Beena can release 1 share or 1M shares in teh next few years so it's not like the bought deals we had. I think there won't be any release until there's a "milestone event" to take advantage of.
2. we already have more than enough cash for day to day operations. $70M for a $200M market cap company that is not using the cash to pay down debt. Now we have up to $100M cash IF NEEDED. If you still think Beena is doing this for "general corporate purpose" then you have clearly never met an engineer, much less one who is also a seasoned CEO.
3. If we can get Grapefruit that would be fantastic. I enjoyed reading your post RR. To be honest I've actually thought about a lot of the same things you mentioned but never put it all together in one setting. Our brand and their distribution in Cali...amen. The time released cream is just icing on the cake.
To me, the ATM is net positive news. On the positive side, it confirms for me beyond any doubt that there is definitely a plan in the works for the cash and not just BS like paying down debt, which I think should not be Beena's priority. On the negative side, there may be more dilution but it is also clear to me that it won't be until we are much higher or after a "milestone event" which would be alright to me. NET POSITIVE.
My guess is we are acquiring, the deal will be annouced soon, and the ATM is for back up only. I don't think we are being acquired. Beena is going through way too much sht in too short a period of time just to look pretty.