Post by
crunchymuffin on Feb 10, 2023 5:33pm
Some additional thoughts Discord's insane funding plan
You guys are better off letting this thing delist.
If you front Sen the money to complete the audit and start trading again before even having a product on shelves selling, all you're doing is opening up exit liquidity for people looking to get out.
I mean nobody is probably supply the buy orders on this anyway, but don't be surprised when the stock gaps down to half a cent on the first day it opens back up for trading.
Nothing happens until a product is on shelves. If Sen won't even put in the minimum amount of work to get that done on his end, nobody in their right mind should consider adding money to this.
Any plan he feeds you guys will be bullsh!t anyway. Doesn't matter if you secure a loan with high interest and warrants for conversion. He'll bail on you and delist further down the line when he doesn't have any financial officer keeping things in order. He'll know you won't force him to pay because you won't risk a claim of bankruptcy since you're so heavily invested in this.
He'll take your money and 6 to 12 months down the line you'll be right back in this same situation.
If he isn't willing to front money from IBS to get a product out, either IBS isn't making that much profit to begin with and there is a greater problem of scalability and profitablilty on the tech, or he doesn't have any intention of releasing a product in Canada.