What is in the Treasury?I think this is one of the biggest questions?
The July Presentation states " $30 million in cash and securities " ( as of April 30th). Why report 3 months back in time? They always do?
A September presentation is only days away....going to a Summit next week, it would be a must to go in with a recent presentation.
And so it will be very telling ( maybe) If they never sold their Sayona shares or at least some at this point the Treasury is going to be looking pretty bad. Sayona is down 100%, essentially halving the Treasury that would have been.
They will probably go in with stating "$25 million cash an securities" ( As of May 30th). It looks good, and sounds good.... but its not! Unless they can say they sold Sayona and had stop losses in place. Unfortunately I doubt it?
Again.... Please know, I'm not bashing this stock. I'm a concerned shareholder who actually cares about retail investors. I have messaged both Justin and Caroline ( VP of communication ) and get nothing back? Again... I've never been disrespectful in anyway... I've been completely polite and disclosing I'm a retail shareholder and just wondering. I get nothing back! I don't expect an immediate response, I'm understanding it may take a few days....but when days pass, weeks pass, etc. I think its disgusting. When you make hundreds of thousands to millions, how hard is it to respond to a simple question?
What this tells me is..... They are going to have to go to the market and raise money and dilute the shareholders. They don't want to lie to me and say everything is fine, so they just don't respond.
I understand the market itself is down, but there are many, many, companies out there that have done very well despite this. If TLG management were trusted this stock too....could have weathered the storm better.