RE:RE:How low will this go?PhDtrader wrote: Hilarious. Maybe EATS should be paying me, if that's what you are saying!
How do you know that there was a hold period on Kang's warrants? I don't see that. I'll continue to call out unfounded and/or speculative remarks, and expect others to do the same for me.
I agree that there has been a strange tendency for the stock to bounce up at the end of the day, which I do find a bit suspicious. I originally thought that was from insider trades, but those would show up on declared insider trading. Now, my best theory is that it relates to how sp moves on the Frankfurt exchange as I don't recall that happening before they listed on Frankfurt. What do you think is causing that?
To be clear, EATS business model definitely involves trying to drive share price up so that they can gain capital from selling shares - that is how they raise capital and they are upfront about this if you read their filings. That is why they spend money on their marketting effort. I don't think that is a scam, but is definitely lending itself to interprettation from anyone who hasn't arrived at that understanding.
That business model has been moderately successful: they raised $1.3 million selling shares at 2.10, which was a big improvement from previous financing at $0.50, but have spent a lot on marketting, maybe as much as 0.5 million! Anyway, that $1.3 million is a lot of $ for EATS and almost matches the seed money they have put in to all their investments to date. With share prices down across the sector, they should be able to apply that raised capital into good long-term investments - they will find them. Hopefully, with that they can ease off the marketting, which is simply too much IMO - they need to be patient and let the share price increase organically - it will because the same tailwinds that raised share price in the first place, have not blown away. Investors are very cautious at the moment, but many are still watching for reliable, ethical investments.
If they had managed to finance at $3.50 a share, EATS would have raised a lot of money and would be fully 'off the ground!! You know they were close, as do I. I have no doubt that it was tough for them to accept when that didn't bear fruition. Not only did their own stakes drive down, but the EATS business model changed from great success to moderate success.
If you agree with me that they have had 'moderate success,' I think that's not a terrible place to be. As the entire sector settles and insider trading Hopefully (for the love of god!!) wraps up, then we will see where share price finds itself. Until then, it feels like anything is possible.
BEWARE, Company schill at it again, cheers.