RE:RE:You wouldn't think itI've been saying that for a month now?
Quote me.
Actually I haven't.
What I've said was this:
The market has settled below the issue price, signaling thar the capital raise is being considered dilutive
The market is looking at the company's return on equity at -92% and return on assets at -67%, so the market views new capital negatively.
The point being that the company has built world-class manufacturing facilities and far reaching markets while having no revenue while doing so.
Of course their historic numbers are bad.
Now we'll see recurring revenue.
Management has to deploy capital only in ways that are immediately accretive.
The company won't continue to be punished for having too much cash.