RE:sadVery sad. And was totally avoidable. CEO has to go. Honestly deals were on the table last November. He is way too slow and ponderous to be a CEO. That requires decisivness, confidence, the ability to absorb information at a very fast speed and decide what is relavant and not and then take action. Look how far and quickly other projects coming along. LITH full speed ahead, Alpha full speed ahead, RR, LIS, SLI, GRD, SGML look what they accomplished in such a short time, so many high balling and we have a turtle at the helm with total disregard for the people that got him here. Now sadly many of these will capitulate out at the 1 yard line because they fear losing more money and opportunity cost.
Has to be one of the worst CEOs we have ever invested with. Terrible decision maker, terrible timing and judgement.
Oh no I just had a thought, they know what deal they have in the bag, they are "allowing" this down so family and friends can load up over a few months to avoid scrutiny of the regulators and then they announce and all their friends2x, 3x, 4x their $ and many original investors get burned.
No idea, just hypothecating but we do live in very strange times.