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Re: sokol post# 199297

Thursday, 07/04/2019 3:56:39 PM

Thursday, July 04, 2019 3:56:39 PM

Post# of 461833
Not sure how Missling can justify $250mm need for 'anticipated growth' when he's been insisting that $20mm would be sufficient for 2 years of ops. Even if you double it to $40mm burn every 2yrs going out the full raise should last 12 years! (admittedly simplistic but I'm trying to spotlight the magnitude of the proposition.)
Esp. when proposed raise $ is larger than the current mktcap at the time of filing of S-3. Never seen that happen before by a long stretch. I would have anticipated a next raise to take OS from 51mm to ~70mm or so. An instant doubling of OS is quite insane. I'm aware, co's often don't draw on entire shelf all at once but haven't seen such size in context of current mktcap.
I expect the SP to crater for the next few days.
Not questioning 2-73 or 3-71 at all - that's why I'm here.
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