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Thursday, August 20, 2020 7:02:44 PM
The terms of that 8K make it clear that the WL money will be used to pay debts. So those debts will get paid in shares on the backs of us... the shareholders. In a highly toxic dilutive fashion.
Anshu gets the money he needs without coming out of his own pocket and guess what... shareholders are paying for the debt.
My original thought was that we might see .0005 area. I now believe we go even lower. Probably .0002 or .0003.
Tomorrow you can expect to see a ton of retail dumping early as that 8K is particularly ominous. It shows Anshu could care less about the stock. Which means he could care less about the shareholders.
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