Re: Crisis Smisis
posted on
Mar 18, 2020 08:37PM
"I’m confused with this latest PP repricing, last year the PP was for $1.5M and they raised $1,339,140 $160k less than they wanted but no repricing no extensions to aquire the rest,this year I was told only $60k left of the $1.8 with two weeks left to close but this year they had concerns with filling the last $60k so they repriced doubling the shares and full warrants because it was so important to guarantee the full subscription of the PP,does this make any sense to anyone ? Am I missing something here. Thanks"
I don't think you are missing anythign. Connec the obvious dots is what you did. Like I said, to jump on such short-term SP weakness to re-price lower (two pennies representing massive additional dilution) ....it is a character exposing move. The end-game is clear to me. Dilute fellow shareholders into oblivion. Let me ask you. If that was in fact the objective way back when.... How would you go about it? Think about that for a while.... and ask yourself if the best way isn't a way that at least sounds like the stranger-than-fiction demoralizing we've been through...
ramdom inebriated thoughts