Willow NR today - bad for InmedDid you see the Willow news release today? There are so many good things in it for them which spells bad news for Inmed. I'm not even going to comment on most of it, but I do want to highlight one statement from the release:
"On the capital markets side, we have completed three successful financings bringing in supportive and sophisticated shareholders who have provided us with a healthy balance sheet to execute on our business plan."
Is that what Inmed has done? Does Adams do cap raises to bring in "sophisticated shareholders" or does he do them for desperate grabs of cash because he knows he's burning cash and producing nothing in return?
Adams holds much disdain for his shareholders and wants them to give him money, sit down and shut up. remember back in early 2018 when Adams did a private placement then 2 days later sold 95% of his shares? THAT'S HOW LITTLE ADAMS THINKS OF HIS SHAREHOLDERS. He basically said "I'm gonna dilute this company with another cap raise, then I'm gonna blow out all my shares and laugh in their faces."
That's the quality of guy you're dealing with.