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Re: moczowy post# 33747

Wednesday, 05/26/2021 8:00:54 PM

Wednesday, May 26, 2021 8:00:54 PM

Post# of 44425
Yes I know they could be converted and that those shares were the majority of the OS increase as common shares into Paul and Ginsberg's stock accounts. Very little of the share raise actually went to helping the balance sheet.


That is what upsets me.

Fine if they build a solid bio tech company and it uplists and they want to reward themselves for that? Ok I don't have an issue with that. And they have done some very good things but lets face it as of now all they have are some licenses....that's it. Did that justify 18-20 cents on its own?? Hard to say.

Especially when a very big reason why the stock went from .01 to .05 to .18 was because of people like me and many other key investors buying and bringing in other buyers as well. And we were holding.

And they want to reward themselves for that? Something they had nothing to do with?

That is something I do not agree with. They should have waited. If myself and some of the other key shareholders here bailed? This would be back to 2-3 cents in no time. Management took the loyalty and consistent $$$ from shareholders the past year and used it to reward themselves.

Big red flag imo. They should have waited as I said and if anything looked to reduce the OS moving forward so they can prepare for a big finance or M & A/collab deal. Instead they ballooned it.