Agreed. Yet, I will extend the point in saying that there are only a few levers to increase the pps. And, at the moment I'm not confident we get there in the short term.
Partly, it's because people see or don't see the problem the same. It starts, not with more contracts, but more profits, less dilution of the TMPS shares, and reduction of debt.
Focus on more contracts is a quite expensive distraction that only decreases shareholders value like the current pps proves. That's why this goes lower in the short term. MMs widening the spread today for these reasons.
Aside: The wording of terms for the $12M Put are not clear. In my reading of it, TMPS can get money at the current pps. But, it won't be nearly as much funds as one would think due to the low pps. We're talking tens of thousands rather than hundreds of thousands.
It's called a confidence game. Why? Because you give me your confidence? No. Because I give you mine. -House of Games (1987)
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