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Posts | 1577 |
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Alias Born | 02/27/2014 |
Wednesday, November 26, 2014 11:03:55 AM
We were given the impression that Brad wouldn't do more rounds of financing after last years rounds with all the share buybacks...but now it seems like he did too much of that.
Raising capital at $10 and then buying back stocks at $7-8 makes little sense to me. Then later buying back more stocks at $10.
Why would you do all that being a company with limited financial resources. The stock price tells little about what the company is worth at any given time...it ain't worth anything with no money.
IMO, Brad needs to stop being so damn greedy. He needs to stop gambling with the company's cash holding and he needs to stop issuing more stocks than absolutely necessary. We don't need a Musclepharm 3.0!
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