Heinz and smitty.
1. Dont drink and post. Some the items been said in your recent posts are ridiculous.
2. You have no clue to what actually happened with sheldon and what his motives were for selling a chunk of his position. He may have seeen a good opty to ride cheap pp on kek and shifted there, for short term play. He may have found being on bod yielded him less info than he wanted. The combo of the two is likely. My guess he will back when poet heats up again. To me he is complete loose cannon investor and his actions dont tell me anyrhing about any companies fundimentals.
3. Ibk is a class organization. I object fully on comments about Mr. White and Mike White. The company was crucial in saving poet and needed to issue warrants to get money in the cofers to keep the IP and business running. People complain about the terms of the pp but the stock was .25 cents and terms were onpar in situations like this.
4. The burn rate and company ability to pay it is in fine shape. Poet just recived a chunk of additional cash with warrants redemption, options etc and will receive more next year. Revenues coming in well under 12 months....i see no reason to be concerned here.
5. If i didnt know better i'd think both of you are soft bashing to manipulate the sp. I suggest you put your keyboard away for a while and refrain from over speculation at this time.