Post by
Investor411 on Jun 10, 2023 1:01pm
Private placement
March 20th was the last day we saw 0.29, the suitor had 37 days to negotiate a lower priced equity investment. 37 days ! And even then they still announced it. We are 82 days later since we saw 0.29 and we still haven't heard of it cancelled or repriced.. so investors place your bets, they had ample time to negotiate different nunbers, didn't then and still haven't now.
Comment by
Investor411 on Jun 10, 2023 1:04pm
I'm just 10 days later the stock traded at 0.12, in which period the suitor had plenty of time to discuss their investment and a further 26 days to request a renegotiation of the agreement terms. Yet they didn't .
Comment by
Investor411 on Jun 10, 2023 1:06pm
So why 26 days after closing at 0.12 did the equity investment not get renegotiated!? Why was it still gone ahead with, why aren't the people apposed to the terms of the pp mentioning all this ?! Because this applies logic to the narrative and that's bullish.
Comment by
MrForthright on Jun 10, 2023 1:16pm
Can we agree that we basically know nothing by now? No one is stupid enough to invest $12.4 million at 29 cents when the stock is barely holding on 11 cents and looks like it will soon trade in single digits.
Comment by
MrForthright on Jun 10, 2023 1:47pm
Smokes and mirrors to confuse unsophisticated investors? Have you thought about that possibility? Why disclose a deal that was nowhere near done? Why the clarification on April 26 of the six months of confusing NRs? You're welcome.
Comment by
Investor411 on Jun 10, 2023 2:02pm
That news release was due, you had nothing to do with that disclosure. I promise you that. I'm going to leave the pp talk alone. They had the time to address the contract terms and didn't and STILL haven't. 80 days has past since we saw 0.29 if any change was coming they've had the time. Period. End of story.