Re: Expectation of financing closing
in response to
by
posted on
Nov 10, 2023 12:55PM
"Since the SP was depressed earlier this week, it’s my OPINION, that they postpone for a few days the pricing to give the chance to have a better pricing. The market was just too negative Monday and Tuesday. So it’s a good decision by the management because it will be LESS DILUTIVE. As for privileged info….since it was post on Agoracom, it’s more of a public info. We post it exactly to SHARE the info. "
This makes ZERO sense. They caused the SP destruction by putting out the news last week with no price attached. When they did this the share price was $3.74. What did they expect to happen with a bunch of blanks in the offering and no details? If this was true, it is so backwards and shows a level of incompetence I have yet to see in a publicly run company. As a result, I will take this as a false rumour OR not realistic strategy because I can't believe this would be their rationale after what they did (hoping the SP recovers from their mistakes).