Re: ATM Blues
in response to
by
posted on
Oct 02, 2023 05:16PM
Whoever on the BOD decided against raising funds prior to the Nasdaq listing when our share price was rising strongly on anticipated news that never happened should be let go. It was obvious to most that interest rates would be rising to control inflation and that money supply would tighten. I remember hearing we didn't need any money let alone a financing as contracts and $ were on the way. We were in a position of strength.The writing was on the wall and it feels lkie someone was lying to us. Instead we had a wholesale unloading of shares by insiders at the top. The share price is now 30% of that mark and these same insiders are reluctant to make any purchases. The optics are horrible. Where is the update on the 3rd quarter promises that are now in the rear view mirror. ?