There is no surprise here as we knew it was coming, it was needed to pay the auditors and there really wasn't much more financing choice out there since their FORM 10 is still not signed off by the SEC.
The CEO made this financing decision based on the finance options available and LEGAL to him at that time.
BTW, STLK's share structure is still a fraction of many "stinky pinkies" out there trading more than STLK that have BILLIONS not millions in common shares outstanding.
The float is currently still tiny for this stock (less than 40 million) and can move on any decent news. I hope this rough patch is now over.
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