RE:RE:More anonymous selling, we are now $10k away from 10 cents."Chill man"? I should've been less chill earlier on.
Jonathan's salary is now worth 2.5% of the market value of his company, which is also spending questionable amounts of money on third party IR services and stock promotion. All without a speck of revenue.
Read the last corporate update carefully and take note that Mr. Gluckman has given us no specific timelines or dates, only ballpark estimates that will likely be subject to the same moving goalposts that we have already become accustomed to. We don't know, he doesn't know specifically when either, and legally, he can't just guess.
Now consider, after processing that fact, that almost every single trading day, the stock appears to be being manipulated or driven down. An ambiguous timeline to revenue milestones is the best friend of whoever this seller is.
If the company is forced to dilute at <0.17, there is no way it will recover enough post-dilution to a point that would make sense for anyone who has bought shares over the last year. Financing trials will be costly, and time is of the essence for the company, meaning they are not going to hold off until it is a shareholder friendly time to finance, they are going to do those placements, and soon.
What if there's great catalysts after? Well fancy this, a bunch of private placements are going to include a ton of warrants and other goodies worth only a portion of what we paid for our common shares. And as we try to creep back to our average, they are going to keep tugging us back down due to the price the placements were done at.
If the company is bought up, it will be after we have countless more heads sitting at the shareholder table. Our returns versus the period we held the stock for will be modest. We'll lament that we didn't just buy the indexes.
Like I said - I'm out. This is my last post. If the first thing I see on Monday morning isn't green, I'm getting rid of all holdings, loss be damned. I'm around ~60% down - how stupid can I be to keep holding this?
I am not confident the company will not lose me all my money.
Bye.