RE:RE:RE:RE:RE:RE:RE:RE:RE:And there you have it. M101, your reading in the wrong place. The more whistleblowers the more traction maybe. No one is accusing of wrong doing but what just happened does not pass the smell test. Participate like others and see what comes out of the SEC, at a minimum files are started.
Re-Cap Nasdaq
Promis shares out on the market about 8.5 million
July 1 -16 all trading days total up to 65,554 shares traded.
July -17th shares traded 13,926,020 shares traded, Unprecedented in history of the company.
July -17th share high $ 8.95 close at $ 6.19
July -21, TSX trading delisted
July-24 , 5 trading days later closes at $ 1.75 near an all time cmpy low since 2007
Aug- 21, PIPE announced financing of approx- 20 million at $1.88 per unit plus warrants when market cap of company is 13 million?
Other considerations since new CEO in September appears to be a lack of transparency. Appears to be a lack of public relations, social media all but eliminated, website information outdated and incorrect, commentary, video, corporate presentations in the news all old info.
Small group 104 total shareholders as per SEC filings earlier this year.
Heavy presence with Boston investors a couple Mike Gordon of Fenway Sports Group and Jeremy Sclar WS Development Group already own approx- 20% of Promis prior to this financing.
This does not pass the smell test with Promis Management and the BOD what they just did and it's so blatant. If you investors want to be around a little longer you better get on board and say something or your done. sec.gov/whistleblower
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