I disagree almost entirely with everything you said.
First you must understand being accountable to shareholders is just that. It's not about you...it's about all shareholders.
And large shareholder has a lot more at stake
---Imagine HOW the presidential popular vote would have gone if we had shares....each share can cast a vote...---
It doesn't make any sense to say ~" they sold the farm becuase bad news is coming"....if you think $4.25m is that stupid? Then you need a check up. Doc mcstufffin style!
If everything is going to get better...like a result from arb, FDA rely, Sec investigation...wouldn't you want to buy at this price? Everybody been talking cash regularly for months...they need it...
What if it fails? What if they know it is a success? Even if they knew it was a success they would have to do the offering at this price. Why? Becuase it is the price. If the offering were $2.50 with no warrants? What would that signal? How would that be legally explained?
What was price of last offering?
Has news been good since?
Then why expect them to wait when you and everybody knows they have no cash...to raise via offering at a better price.
Imo, you use emotional logic. But, unfortunately, you have no consideration towards fundamental logic.
Fundamentally it makes sense in many regards... I actually provided a scenario regarding building/ facility, assets...am I right? Don't know, doubtful...is it relevant and carry a basis for substantiating a scenario? Absolutely.
Look. It's a 4.25m added risk....loss? They took the bet. It's easily substantiated....only if it's a good bet!
You see...if it tanks...and is ultimately a bad bet....I assure you the wrath they receive will be far worse than you message board post expressing feelings about making money / not making money on a stock.
Who you think funded this idea? You? Even if you invested $100k worth a messily $1k now; somebody has put the money in....and it's mathematically impossible for them to have a positive return without success. Did they use financial instrument? Of course!
