I truly think the company needs to step out and clarify everything. It's also time for an investor update. I would appreciate it if they could maintain consistency in the timeline by using the same wording every time. I don't just want to know where we are going; I would like to understand the comparison between where we are supposed to be and where we currently stand.

Better to face the truth than let the market fear itself. I've seen it help many in life: be true, be real, and everything will be fine.

I was wondering, what's the point of suspending an equity program if it could be restarted without any notice? What is the difference? I still don't see any, but I took the time to ask my friend ChatGPT, and here is his response:

The Tactical Pause: At-the-Market Equity Program Suspension for Strategic Restart

In the dynamic world of financial strategies, the decision to temporarily suspend an "at-the-market" (ATM) equity program can be a tactical move with distinct advantages. This unique flexibility allows for a strategic pause that enables the program to be restarted at any moment without prior notice. Let's explore the rationale behind this approach.

An "at-the-market" equity program is a continuous offering method that provides companies with the flexibility to issue shares into the market incrementally. Suspending such a program temporarily can serve several strategic purposes, the most common being a response to market conditions. Companies may choose to pause their ATM program during periods of market volatility, economic uncertainty, or significant company-related events. This allows them to assess and respond to market dynamics without committing to a fixed issuance schedule.

The ability to restart the ATM program without notice becomes a powerful tool for capital management. Companies can time the resumption of share issuances to align with favorable market conditions or strategic initiatives, maximizing the value generated from equity offerings. This strategic pause-and-restart mechanism provides the issuer with greater control over the capital-raising process.

Additionally, the suspension of an ATM equity program can be linked to corporate developments or strategic shifts. Companies might choose to temporarily halt the program to implement major strategic initiatives, mergers, acquisitions, or other transformative events. This ensures that the equity issuance aligns with the company's broader strategic objectives.

Communication during these pauses is crucial. Transparency about the reasons behind the suspension and a clear timeline for the restart, if applicable, help maintain investor confidence. Companies often release statements or filings to keep stakeholders informed about their intentions and the broader context influencing the decision.

In conclusion, the point of suspending an "at-the-market" equity program lies in its strategic advantages. This tactical pause allows companies to navigate market conditions, optimize capital-raising opportunities, and align equity issuances with broader corporate strategies. The ability to restart the program at any moment without notice provides companies with a dynamic and responsive tool for managing their capital structure in an ever-changing financial landscape.