Post by
alhiemstra on May 05, 2021 4:18pm
37% of Market Cap is in Cash $$
With a strong balance sheet and over $50 million in cash, we plan to be very active in increasing production capacity, developing new products and carrying out strategic acquisitions."
How could there be STRONG demand at $2 Financing and NO demand at less than $1.40 ?
Whoever ?? bought 17,000,000 Financing at $2 from underwriters led by Canaccord Genuity must be impressed how they were misled and lack of price support !
Comment by
silkos on May 05, 2021 4:40pm
It makes you wonder what is it about that financing deal that is not public yet? I hope this company is not going to be the next DYA holding international paterns while showing almost no sales, continous expansion in emerging markets and loses for years. I don't expect news every month, but dang it you can't have the company thrive on coffee sold on Amazon.