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Thursday, April 16, 2020 11:49:36 AM
"And didn’t NYSE give reprieve to companies because of the virus??"
The NYSE asked the SEC for a 3-month delay due to either market cap non-compliance or minimum share price non-compliance. The SEC only granted the market cap extension request.
"if the company did have a potential partnership in the works,"
They never did. Certain people decided to ride that wagon here with the "you never know" mantra and got their heads handed to them. The facts were clear. Some chose not to believe them.
"if the company had any integrity or any concern for the investor"
You're kidding, right?? After the infamous phony break-even promise that never happened, it should have been clear to anyone they were lying. Subsequent quarters and updates also admitted that a huge amount of the revenue reported in that "break-even" quarter didn't belong there and they had to back it out.
"So are they just using the virus as a scapegoat to get the reverse they want to dilute more?"
When the first ATM was announced, a group of people claimed they would never use it. I said "I never saw an ATM that wasn't used." Guess who was right? They will use every dollar in a 2nd ATM.
"Sometimes people don't want to hear the truth because they don't want their illusions destroyed." - Friedrich Nietzsche
"None so deaf as those that will not hear. None so blind as those that will not see." - Matthew Henry
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