I know a lot of the folks that continue to post either aren't shareholders or are very annoyed with current management, but regardless, I'm curious what everyone's thoughts are on the form D.
Who in the world would take part in a private placement of an SEC delinquent, grey sheet stock? The better question is, why would SOLI even waste money to file it knowing they are delinquent and on the grey markets? Most companies on the greys may post some PRs about uplisting shortly and what not, but I can't find many that actually file SEC forms acting like it's business as usual.
In my opinion, as a shareholder, something is going to happen shortly. The PRE-14C and now the form D, just seems very coordinated and we're just waiting on the final pieces tying everything together. The company has been very active it seems, but obviously the stock hasn't. The SEC filings, to me, show a company moving forward. I do not blame the company for not talking to shareholders, I think it's smart despite how painful it is to watch TDOC or other telemedicine companies get huge funding.
Also as a side comment; for all those that claim insiders are dumping, I don't believe that. I'm pretty sure insiders can't sell more than 10% of the volume on any given day, and based on the total volume we've seen, that wouldn't give them much to sell. Additionally, the unrestricted share count history shows an overall reduction since SOLI/CareClix buyout, so who benefited?
49,087,000 - 02/26/2019
36,480,500 - 07/09/2019
36,906,672 - 01/07/2020
37,283,803 - 02/25/2020
37,377,581 - 04/08/2020
37,272,038 - 08/25/2020
"Everything in existence is based on exact proportion and perfect relationship. There is no chance in nature, because mathematical principles of the highest order lie at the foundation of all things. There is nothing in the Universe but mathematical point
