A question for SetoBased on the May 14 Corprate Update the Company should have close to $5 million on hand.
Based on the June 3rd presentation "Dialco Private Funding" and "SAMI partnership" are "Upcoming Catalysts"
If those statements are true, then why- the out of the blue, desperate play for a measly $10 million?
Just a month before was the Anual Meeting there was not a single word about going back out on the corner with our hat in our hand....
It seems like a Company would want to adress "the why?"
You'd think the Company would want to clarify to shareholders the reasoning for knocking the share price down by 1/3, and the diluting of shares.
You'd think there would be SOME respect for shareholders who just held their noses and voted for 10:1/ 20:1 reverse split- in order to help clean up this mess...
Too much for us to ask Seto?