RE:Intent to qualify for a Short Form Prospectus
Nothing more bullish than announcing share dilution less than a year after the IPO, right? I guess if they tack on a reverse split before Q4 they can still hit those analyst targets, eh? Starting to shed the top brass, too, Neel Singh is out after having been there since the early days. Bullish!
The unlocked employees and ex-insiders who haven't already bailed are about to liquidate at whatever price they can get, which is going to drive this through the floor. I should have sold my equity back in February and immediately opened an equivalent cash-covered short position, I'd have been happily retired by the end of the summer with how things are looking.
I wonder how many ex-insiders fresh out of lockup have done exactly that.