Skye Bioscience Inc (SKYE)

[Closewatcher]

Problems are rough at this stage. I'm on their team but they needed better management in operating as a public company.

They've operated over the past 12 months more as a passion project, not as a public company looking to build shareholder value. It's definitely not an enrichment scheme, but everybody involved is already wealthy, therefore nobodys holding a gun up to them to move faster and build the company.

If they had dedicated management (outside of Murphy) in building shareholder value, this funding snafu would have NEVER happened. Sort of preposterous that it came to fruition the way it did.

No idea which direction this will go now. Market is wild now though so anything is possible.