Co-Diagnostics Inc (CODX)

[Pyramid2]

I bought in on pull back yesterday afternoon late and than see this after they declare debt free yesterday and are going to use money to develop out their "patented device".

Dwight Egan, CEO of Co-Diagnostics, commented, “This financing benefits our shareholders by providing additional capital to accelerate our growth strategy. We believe that this exciting era of the Company’s expansion will continue as we build on our notable scientific, regulatory, and strategic milestones from 2018. The Company’s improved balance sheet also provides a strong foundation for continued momentum.”

Does it seem management benefited shareholders here? It seems to me they baited the market into the stock only to destroy share value and force us now to hold, sell and take a loss or buy more to recovers.

This seems to be a great opportunity for everyone not owning this stock right now but terrible for existing shareholders.

Wow, I will never own this stock again because of what management just did here.

The CEO should be fired.