Post by
breadnbutter99 on Nov 08, 2022 11:12am
Message from Curt to all investors
Hey everyone. Concerns and disappointment noted. The bottom line is this. Its a defensive move. There are no indications right now that markets will improve anytime soon. We are assuming we need to go thru all of 2023 in a down market. OBVIOUSLY we hope that changes but there are absolutely no guarantees and we need to be prepared for that while continuing to support growth. Most/many small caps are down 60/70/80/90 percent right now and we cannot control the overall market. It could get worse before it gets better which we all know eventually it will. Originally, or course, but we thought we would raise capital at MUCH HIGHER prices and uplist etc but that has been a DISASTER for 100% of the companies we reviewed. Same with consolidations. Growth requires some investment (not to mention overall cash flow). This is to ensure we are safe as the risk otherwise is simply too great in our estimation. It isnt about our businessit is about the world and overall condition of the markets. At the end of the day this is 5% dilution for a MAJOR insurance policy. We think that is prudent for all of us. Please read the quote in our own release that just came out. Hopefully that sums it up. While it may be hard to understandthis is very good news for all shareholders