Timelines...
Back in August and Sept, they were raising funds from individuals. 450 mil shares supported by a few PRs and clearly some individuals hired to promote and support. All this had to be approved by YA, lead CD holder.
CEO gets 300 mil shares... Instead of cash.
Then in early OCtober, the new financial deals with Dinosaur and Dawson James surface and CD holders all convert hastily... This with NO help from company and NO promoters..
Clearly a lower price was desired...
Now why would that be? Possibly to allow CD holders, new money or partners, insiders, etc, to hold a higher % of equity compared with retail. Retail % was much higher before October..
Silence still rules... Why and who does this help? No effort was made to distribute shares to retail because they did not want retail picking shares up...
No comments on thoughts of a spin off ?
Interesting and quiet board. Those with capacity might be inclined to test how serious the ask wall is...
