One BIG reason this probably didn't explode on the news is the 11m in additional shares...restricted or not.
I didn't want to bring this up during trading as I wanted it to be properly digested with no rash reaction and can be properly and thoroughly debated.
Basically, there's 11m more shares in the o/s, and as a result the market cap today is approx $22m.
I always said that the market cap could get to $20-$30m, but I was hoping it would do that via 1.5m shares and a $15-$20 PPS. It didn't though, mgmt made that choice and I need to live with it
All thing considered the PPS is probably capped now as a function of topping market cap
Even with all the RXSF positives, I have a tough time accepting any higher market cap
Open to opinions
