Wednesday, August 23, 2017 10:09:45 PM
Trading is thinning out because now people need to ask themselves if they want warrants by taking a .16 loss on the series A. Many (myself included) have made riskier bets knowing the payoff could be big even with such a purchase above market price. If it continues to fall it could be (my guess) people who don't know about the series A availability and fear a turn for the worst. Updates should be here any day and my hope is tomorrow or Monday because Fridays are almost never good (perception).
On the bright side it takes about 4-5 days for to sell your series A and receive the cash to reinvest in the equity raise. AST has got to be the worst transfer agent out there. So, people selling shares to fund the equity raise and capture the warrants on or after 8.28.17 probably won't make it in time due to the slow transfer agent. I will blow a gasket if it gets extended past 8.31.17.
I'm a believer in the company, it's CEO and of course the prospect but the difficulty to raise the funding in this market has been painful to watch. It's been a painful 20 years to get here and I'm going the distance come sugar or Shit
Again, just speaking out load.
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