Blehhhhhhh. After the way this Q1 offering has played out, and the subsequent communications with the company about it, I don't think I'm ever going to feel quite right about this always tender section of my portfolio again. They say to never fall in love with a stock, but I've found myself cheering for these guys HARD over the last year. I'd fallen in love with the people and their tenacity in creating something really special out of a dire situation. And my huge position in each of my nine accounts had almost nothing to do with it somehow.
My biggest fear has turned out to be true, and I feel like Leandro directed part of this letter at me personally.
Telling us when the last shares were sold. In true form, he was even able to project aggressive and genuine confidence to everyone else.
They refused to engage with me, no matter what, on the timeline and amount of the offering in which it was bought up in Q1. Even pretending to not know why I'd want this information, or the implications and insights that could be drawn from it. Even though I had plenty of time to spell it all out for them (true to MY form)I was in their face constantly about when the exactly the first shares were sold and then when the last ones were.
I became uncharacteristically bitter with the entire IR and management team that I spoke to.(Lmao, ask Shane about how I went from 0 to 100 QUICK when Brad was trying to reach out to me, through him, a couple of weeks ago!) Do I not deserve an honest and straightforward discussion about very practical matters? Matters I could help with, not just harass about. You think I haven't put in equal work, privately and publicly, than even the most well-paid IR people on staff?
You think people like me and the rest of TEAMCASTLE shouldn't be considered your real investment bankers who would help get you to the NASDAQ?...if only you'd let them.
Leandro finally told me the most relevant part today.. thanks, boss. I know why you didn't want to go down that road with me now. I suppose I always knew.
Even though I'm fully demoralized, and I have a huge story burning in my mind all evening and night, I'm not going to shit on everyone's parade. I'd like to write my own SA article about the classic folktale thriller of Q1 2021 in the OTC (and how various companies played it. Spoiler alert about who I felt played it the absolute worst..)
You know this tale very well! We all went through an amazing event together and I'm honored to have been constantly browning my boxers alongside gentlemen such as yourselves.
Instead of writing it I'm going to go wallow in the corner alone, and spare the rod.
I'm glad everyone else continually has their own communications, hopes, and needs satisfied, though. You guys are awesome, and you deserve it.
I'm usually the one bringing others back from the brink, but now the roles are reversed and I need all the help I can get in exiting this ledge I'm on.
Goodnight boys and good luck.
