RE:RE:RE:RE:RE:RE:RE:RE:So let me get this straight…If Ken cares about investors, and I think he does, he needs to care about capital markets.
If TUD didnt need to access capital markets in such a big way, ignoring capital markets would not be a big deal except in the short run.
But TUD does need lots of capital. So you need to care about capital markets. The cost to us is excessive dilution. Share count has gone up 15% this year. 22.5% if you include warrants. One year. That is huge at this stage. We arent a small company anymoe with no resource.
Last up round for TUD was around summer 2021 (3.60 FT with NO warrant?). There have been 5 DOWN rounds since with all of them being led by RC except the last non brokered one. 5 in a row, each lower than the next. Even worse, warrants have been attached to each of those deals. Practically speaking, the ATM is the 6th down round in a row. All while share count has gone up 30%+ excluding warrants.
You cant ignore capital markets unless you dont care about shareholder value
Jetstream1281 wrote: I don't disagree with this...but Ken doesn't care about traders..he cares about investors...investors want it to be done quickly but more importantly is that it is done properly...Eric clearly has given them that mandate, and I agree with it myself...Is it frustrating? No doubt, but in the long run a few extra years to get it done correctly is well worth the time....