Here you are a CEO, you have a LIST of GREAT NEWS to release
- partnership with a subsidiary of a Fortune 500 company
- release of your brand of solar panel
- partnership to build a solar panel manufacturing facility in the US
You don't think he knew the 14c would kill momentum.
What is missed the AS has not raised so it is obvious the CEO has no interest in pumping the good news to sell shares.
He has investors that have guaranteed and laid large out sums of money that if the project they invested in doesn't pan out they want some type of insurance to recoup their losses if they occur.
As pointed out this is a 2 man operation, a special meeting vote to enact a RS could be done anytime, instead they were upfront with their investors and telling them this what we are doing and we don't expect a RS but if things don't go as plan we may have to do one.
HISTORY has should that their had an option before. that option remained on the books for 1 1/2 years and they CANCELLED IT.
I suppose some would prefer a CEO that says he will not do a RS then one day he may out of the blue say we are doing a RS to pay for a "cash bases" acquisition..
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