Post by
Accountprince on Apr 12, 2023 4:19pm
Closed Under $0.30 per Share
Hard to believe it was driven down to $0.29 per share on just under 150K of published volume. Let's see:
1. A new raise? Can't be as they can't be out of money yet from the last raise.
2. Options being granted to management? A distinct possibility.
3. Investor Day Presentation? Investors exiting but why wait until the third day after the presentation.
4. Management shakeup? You'd think that would be disclosed right away.
5. Head fake? Haven't seen one in a while but enough characters around capable of that move.
Not sure what to make of it. Probably option grant to management since the PSU's likely worthless based on timing of when FDA approval must be achieved.
Comment by
BayStreetWild on Apr 12, 2023 6:03pm
At least they've made an attempt at being honest. Always take in on the chin in the short run. Now they have to be consistent in their honesty and hit targets as stated. Takes a lot of effort to fix investor trust.
Comment by
hmmmmmmmm on Apr 12, 2023 10:04pm
Beyond timing I'm sure some investors heard the dilution numbers Seto through out.. When the CEO tries to tell you that dilution of 50 -100 million shares is no big deal most sane people run.
Comment by
mercedesman on Apr 12, 2023 10:29pm
You're not running, so by your own logic, you must be insane. but ... I know....tell us again that you're here to save us.
Comment by
hmmmmmmmm on Apr 12, 2023 10:34pm
Excuse me, I of course meant "threw out". 100mill is 1/3 of all the shares currently printed.. You better "pump up" your projected sales numbers if your going to dilute like that. Otherwise you might see shareholders throughout the land jumping ship.