An opinion: Companies with experienced Executives understand the importance of setting expectations. Especially when it comes to time frames. Look at established Public Companies, they all will provide a list of items they expect to take from concept to realization and THEN tell you WHEN they hope to complete each task.
The most we got out of the 8-1-2024 news was this; "The audits will also allow the Company to file S1 Registration Statements and access initial funding under its Promissory Note Agreement, which will accelerate the implementation of long-standing operational plans."
I've sent notes to anyone I could find an email or a physical address for, saying: You should set expectations. If the 8/1/24 "news" had said, "we hope to be able to share (all of the things we've just discussed" by the 4th quarter of this year. Then we would know to ignore this symbol until the Oct - Dec. time frame.
So the anxiety and impatience expressed here, isn't the fault of the shareholders, it is the fault of management in being able to define the "WHEN" part of the news. I've worked at Fortune 100 companies and EVERY press release defined the expected delivery date of the events mentioned. And when those events moved out further? They would put out some notice like, "we had hoped to complete the transaction by __ quarter of __ year, but due to the complexity of the project we are confidant it will be in the __ quarter of the __ year.
I hardly watch this any more, I set up an alert to tell me if it trades (sarcasm). In the meantime, either sell or hold. I'll wait. But the frustration is normal and it's not the fault of the shareholders. IMO
PS: The key to this deal isn't Claudio, it's Global...they are putting up the $5 mil. - again, my opinion
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