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Tuesday, August 02, 2022 5:52:30 PM
He already stated in his last interview that the company needs to raise in excess of 1.3 billion dollars in order to move forward with the construction and roll out of facilities. Basically shareholders are going to be paying the bills for everything. I just don't think that much stock coming unglued from the authorized share count is going to bode well for existing shareholders. It's always best to just sideline yourself, let the dilution occur, let the losses happen as long as you're not the one losing, and then get back in once the dust settles.
At this point in the game does it really even matter who the Fortune 500 company is? It's a telecommunications company in the southeast. There's only a few of them and basically they have a test van in a pilot study that subsequently needed to be returned back to Malin for retrofitting. I don't even know if that van has been returned back to the Fortune 500 company yet. I'm sure David will indicate how happy the customer is and that further Road testing needs to be accomplished and that we should know something within the next several months. In my opinion, this entire thing is being handled ass backwards, but that's just me- the guy that has chosen to scalp this stock with profits equaling the share price being slightly under $3 per share.
If I would have just bought and held, I would be down high five digits instead of being up a couple hundred thousand dollars
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