Tenet Fintech Group Inc. PKKFF

Recipe for how to kill a stock price for a cheap PP

[daviekin]

1. Announce a PP with no price to be filled on a best efforts basis. $20-$30 million implying a 20% to 30% dilution at $1.00. 40% to 60% if you include the warrants.
2. Do #1 in the absolute worst market conditions possible.
3. Drop a bomb in the prospectus basically admitting your $60 million in profits expected for 2023 will not come to fruition.
4. Drop another bomb in the prospectus alluding to illegal market manipulation, including the CEO giving up privileged information for manipulating players to act on.

Are they insane? They obviously don't care about non-accredited retail shareholders. They will dilute them in order to give their accredited investors the absolute best deal possible. Three weeks to close this and the NASDAQ is dropping 3-5% a week. $1.00 is the best price you're going to see on this raise. Maybe less than that. They are doing this intentionally. This can be the only explanation for this absolutely baffling action and horrible timing.

[jetfuel10X]

As I am right all the way here; I predict that OSC will not issue the VISA for the definitive prospectus;

[lscfa]

These bozos don't know how to grow a company. The idiots plowed full steam ahead with the NA expansion before raising the money to fund it.  

[stocksnbonds458]

In other words its most likely over for Tenet. IMO they will not exist by this time next year.

[PunkRocky]

JJ and his team have grown this company from under a million to what it is today......... markets right now aren't the greatest as we all know, but patience is a virtue.  And as JJ has already told us in the past, data analytics will eventually surpass China operation revenue. It's all a matter of time. From Tenet's Preliminary SFP.... "Despite the impact of the COVID-19

[TimSanders]

high debt will sink ya, prime example here