Post by
bluemoons20 on Sep 27, 2021 7:36pm
financing
The cynical take on this is that they are taking care of friends who want to get in before the buyout but do not want to go into the market to buy and drive the price up to get the number of shares they want.
Talk about sales force does no make sense with GE involved and doing the sales. And if the product is not good enough for the market, then they should have said so before.
This dilution at this time and price certainly does not make sense given all the discussion to date.
Overall very dissappointing and not even worthy of a halt given the timing of the Halt and announcement.
GLTA
Comment by
chry200030 on Sep 27, 2021 8:05pm
I certainly agree that this financing does not make sense to me and is a bit of a disappointment. I hold George in high regard, so I must be missing something and that this move will benifit the shareholders. But I just do not see it now. I will wait and see.
Comment by
InvrsContrarian on Sep 28, 2021 1:21am
Well yes if that is the case then the October 19th deadline won't go through if indeed it is some sort. Of Sweet heart deal. Can't help to think otherwise. The 4d hear model would be at least a year away and would need way more than 5 million to get it up. And running.