Post by
hmmmmmmmm on Jul 26, 2021 12:57pm
A question for Seto
Based on the May 14 Corprate Update the Company should have close to $5 million on hand.
Based on the June 3rd presentation "Dialco Private Funding" and "SAMI partnership" are "Upcoming Catalysts"
If those statements are true, then why- the out of the blue, desperate play for a measly $10 million?
Just a month before was the Anual Meeting there was not a single word about going back out on the corner with our hat in our hand....
It seems like a Company would want to adress "the why?"
You'd think the Company would want to clarify to shareholders the reasoning for knocking the share price down by 1/3, and the diluting of shares.
You'd think there would be SOME respect for shareholders who just held their noses and voted for 10:1/ 20:1 reverse split- in order to help clean up this mess...
Too much for us to ask Seto?
Comment by
Accountprince on Jul 26, 2021 4:59pm
If you get a response from the Chief Excuse Officer (formerly Chief Option Officer) please share it with the rest of us. Thanks.
Comment by
money4golf on Jul 26, 2021 6:16pm
GREAT post MM. Since Seto has always said that there will be no jump to the NASDAQ until the timing is right to maximise share holder value, perhaps when he answers your questions below he can explaing how this dilution is good timimg and is maximising ALL SHAREHOLDERS share value.
Comment by
BayStreetWild on Jul 27, 2021 2:23pm
I'm sorry I didn't read this earlier but this is an excellent post. It sums up what everyone should be scratching their head about.