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Posts | 1952 |
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Alias Born | 09/27/2020 |
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Saturday, February 27, 2021 8:43:38 PM
GC has been CEO since 1/9/20, only a bit over a year ago, and in that time he pivoted the company's focus based on the emerging COVID-19 pandemic. In that time he has led the company from essentially zero revenue to millions per month. Yet because some here have an axe to grind from past investments in other companies involving GC, they are on a mission to encourage everyone to vote to request he be fired as CEO. Some of those pushing it have no investment in Todos and never have. If you feel he should go, then by all means vote your conscious, but at least see their motives for what they are. They're likely less concerned about us as Todos investors and more focused on grinding their axe.
The company internal operations are not fully known to use as investors. We only know what is published in filings and what we can glean from press releases and Twitter responses. In regards to your question as to why GC would continue with convertible debt when we have reached positive cash flow, I observe that both occurred close to the same time so in my mind the last round of convertible funding is likely for moving forward with initiatives that need to go forward now instead of waiting for enough free cash flow to cover them. That's just an educated guess based on all available information.
Many here complain about the dilution. That seems to be a common practice among underfunded penny stocks trying to reach success. If one doesn't like it, don't invest in this space, at least not more than you can afford to lose. I have never operated a public penny stock company and I doubt anyone here has either, yet so many armchair quarterbacks feel they could easily do better. Maybe so, but then perhaps they should put together some viable options from interested investors and present them to the company CFO and CEO. Maybe it would make a difference. Probably not.
I find it comical that some posters who are constantly ragging on GC regarding dilution are invested in companies such as WOGI that has 2.95 billion shares issued and seem to have no issue there. That is part of my "axe to grind" reasoning.
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