RE:RE:RE:You wouldn't think ittamaracktop wrote: I'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.
Here are a few of your quotes from the past month, since you asked:
May 15
"
The stock will never trade close to the issue price. This is very good news that will take less than a week to digest . If that. "
May 16 "today's low at $2.30 will almost certainly hold" May 17
"The downside can be assessed at $2.25."
May 19
"You'll feel way better next week. " May 29
"Tomorrow morning details on how radically the profitable deployment of capital could have a seismic effect on this whole story"