New Top At $0.666
Sneaky Dilution & Insider Selling
While the company touted non-dilutive funding to support their growth plans... at that same time they created an almost relative amount of warrants plus unrelated dilution events totaling millions and millions and millions of common shares that were added to the OS and Float, which was unbeknownst to many investors at the time. And many of those debatable "bad collaborations" included notes that will also end up being converted and diluted into additional common shares as well. But most of this dilution was not known to many during the added surprise of an insider sell-off.
The 4th Quarter May Be Worse
And many thought the company would have already reached profitability and a positive EPS during the third quarter. But even with higher revenues, the EPS went backwards to a negative (0.08) cents. How did that happen? Will it happen again?... Probably.
Tricked Again
The company is only interested in two things, imo... and that is trying to trick investors into indirectly paying for their salaries through various forms of dilution. While "enticing" 3rd parties to create a P-n-D momentum scheme, thus allowing insiders to sell .
What Do You See
Missed Projections? Lower EPS? Mysteriously vanished revenues? No Profit? Dilution? Insider Selling? Stupid repetitive third party opinions? Maybe you saw how things were not as they were once described? Maybe now you see how things may not be matching up as some perceived? Maybe you see an unjustified risk at this level? Maybe, like others that have already fled, you now see quite a lot of work still yet to be done? And maybe it will take more time than was originally thought, before things even begin to show a glimmer as to what was once promised by so many ?
So What's Next
Probably somewhere around 0.30 to 0.40 cents .
JMO