RE:RE:RE:RE:RE:“Rights Reminder”Hi all. Still surprised by the upbeat sentiment about this stock... the last two offerings (2017 and 2021) were a success. The one in 2017 at 2.25$ was over subscibed, and within a month the stock the stock was at 3.39$ (!!!) ....and than within six months it flirted with penny stock status (I rember the lowest it went before recovering was 0.68$....in 2021 it was at 4.75$. Yey! it was going to the moooooonnn.....and right after it went up as high as 5.63$ before we figured out the company is not making a penny in profit...even with an injection of 800 million $!!!!
So here we are...offering at 3$. When all other stocks just tanked at 20%. The stock is supported currently by its offering - and a "tinge" of panic is setting in.... the price is artificial at best. I hope i am wrong that it will collapse the day after the offer...
The optimist belives the stock will follow its previous trajectory of 2017 and 2021 - where it increased in short term - 2017 was a new start, people were optimistic....and they f d it up...2021 was a MP is coming back on line....and they f d it up.....this offering is "we need money to pay Koch's salery". As it stand they are broke...again...and the only option is to barrow....and not at 5% like they could have done last year...they have to go to the main investor and at todays bond rate they are looking at 8-9% MINIMUM....HESUS KRISTUS....there is so much to unpack here.....
I am out and have been for a while....but i am waiting for this to go close to 2$ ...and right now that is Highly Likely...due to the fact that these booozos couldnt run a ice cream stand in middle of Sahara.