DelusionalPeople see only what they want to see even if they're being beat with a baseball bat telling them otherwise and those people are here in abundance.
April 26, 2022:
bandit69 wrote: And yes, I do believe they will need to raise cash eventually. Will it be a raise or under the mask of another stellar acquisition....I have no idea.
Did they do a raise subsequent to me stating they would have to long before they did it? yes. Was "acquisitions" used as the reason ? yes. Was it also to be used for general and corporate purposes? yes. Read their news release. Right right right again. Acquire for the sake of acquiring. I've seen this over and over and over again. Never works. Serial acquirers are like drug addicts....can't stop acquiring or it all falls apart even though it will anyways but in the meantime shareholders are wiped out.
Let's watch for the next financing and see how it's framed and if it is a bought deal. If it is best efforts that's going to be even more telling. Oh, and one last kick, most times when a company sells out it's an exit strategy not a career starter for the sellers. So, to think those who got shares as part of a deal aren't selling while watching markets and this one tank, is also delusional.
It doesn't matter how many times anyone has been right (and I have been right too many times to count here) and how many times others have been wrong (you know who you are) lol, the house will never be on fire.