Re: 3rd Tranche Close
in response to
by
posted on
Jun 04, 2019 07:53AM
The more money they can raise at this point, the more likely they are to cross the product finish line "soon"
Yes, and the more diluted our poor shares become.
Listen, I understand that money is need to get across the finish line, but I'm not crazy about this open ended financing...tell us what you need, get what you need, and stop there.
If institutions are coming onboard, great, but we will likely not know since the 10% automatic requirement for reporting is a pretty big chunk of shares now.... i suppose they may be generally acknowledged in the financial reports, but again, we will not know who they are.
And gerem1, you are not wrong, you are absolutely, 100% correct, the banksters always have, and will get their share.
Finally, I hate the word "soon".