Joey probably realized that no one would give HIM alone traditional financing. He may have wanted to execute the rights offering at the same time or at least closer to when Jillian signed on. His lack of expertise and poise is what blew this up. Imagine WAITING to announce Jillian’s signing until just before the rights offering. They could’ve raised $5-$10 mill easily without blowing up the share structure. He is still looking to align with others to lure investment
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.