RE:business update and equity offering
Here it goes again, more dilution to the benefit of those who already control/have the majority of the shares ...certainly hope this will be the last time they do such shenanigans and start to get into positive territory and cease further dilution of retail/minority investors.
I understand it takes time to build a company, to develop products, sales channels, etc... but the stretch is getting much too far and probably explains the major drop in share price of the last 12 months. DAK Capital is Darryl Katz', Canadian Billionnaire who made headlines recently for all the wrong reasons. He's good friend with Cody Slater and I believe perhaps they might even have family ties. Understand funding of the company was necessary, but this has gone WAY too far!...
Time to show profits and stop the neverending dilution!!!
The nose dive of the share price should be indicative that some people are getting off the boat and they're losing patience at the same rate management is losing credibility ...once again for the exact shenanigan you're pointing to.
Then again, even when they'll show profit, there are a number of ways to further dilute the minority and keep on gaining control, so it will surely continue to happen...
At this point, from a strategic retail investor's perspective, your best bet would probably to try to average during those lows as the majority will eventually want a return on all the shares they acquired ...probably get a slew of positive news, perhaps finaly enter profitability, boost share price and then try to sell the company as they did with BW. The product and the company has gotten too far to fail for them, there is too much value built-in and novelty in the market segments they target, it would be doubtful it would go down in flames. The majority has been a net buyer for quite some time as well ...the turning point is probably nearing. Perhaps the recent news of spending cuts is it as it might helo yield the geen in quarterlies that might help them achieve this, maybe not this quarter, but the following probably... At which point the share price will start to rise again ...and then look for a flat-out buyout like BW. Seems history is repeating itself...
Tired of the time this is taking, tired of the abusive dilution, but this would actually mark a good point of entry for anyone looking at this play.