RE:Numi Halted - announced a $30 million bought deal financingBuko: Are you serious? Just because the banks may be involved, that does not mean they believe the sector. These are all equity issues. The banks and brokerages make their money getting paid for processing the transactions. It is the excited investor that is taking all of the risks.
The indicator of the banks believing would be if they issued loans to this sector...which they will not due...why?...because that is too much risk. Take no risk and collect 8-10% fees by raising capital from the reddit crowd in this frothy sector.
How many shares do you think that new mascot gorilla is going to buy? Maybe it will get its friends in the jungle to buy more.
Is this where Todd's head is at? Vision, strategy, execution, market penetration, sales, net income...this is what is needed, not a picture of a gorilla.
Unless you think that the stock is worth $1 a share because of the gorilla...