RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Impact of warrants?On the surface, a chairman (or any insider for that matter) selling that large a number of shares is certainly a red flag...but maybe this was just part of a pre scheduled selling plan. The only way to know for sure is to ask Mr. Nesmith directly.
Here's what helps me sleep at night...I've listened/watched the CEO Brad deliver multiple investor presentations over the past couple months. He continues to state that they will be profitable once they achieve $30M in yearly rev...he then notes they have over $45M in backlog (which are secure contracts) and this number is growing...look no further than the NR on April 22nd.
Greenlane is also the only pure player in the RNG business offering a solution (they have 3 distinct technologies) regardless of the size of the project. This is a big competitive advantage as larger corporations (we saw the Enbridge NR on April 28) who are working on multiple RNG projects of varying sizes only have to partner with one supplier (in our case we hope it's GRN) as a solution for all projects.
I have many more reasons that help me sleep soundly but these are my top couple. I'm looking forward to the earnings release next week as I expect we'll hear more of the same...let's hope investors take note and the sp reacts favorably.