Maybe it's a good idea to start posting the e-mails we send to the co. publicly on this board and elsewhere. They don't seem to respond to anyone, so perhaps this would help in that regard. Probably not, but I don't give a sh!t anymore. Here's my latest ...
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Why issue 11M shares to raise $35-$50M in March-Jun, when you can do it in November and raise $12.5M, right? From an outside perspective, it honestly appears that you do whatever you can to minimize shareholder value. You obviously knew that the Preferred would not be sufficient to cover your debts and provide the necessary growth capital needed, but you somehow decided to wait until your stock got obliterated to almost zero and THEN issue more common. Why do you always wait to act until you are in a dire financial situation? It's truly unbelievable.
A couple other quick questions ...
Now that you're exiting the Project Services business after telling us it would be back to generating 2.5-3M a Qtr by the end of 2021, what will become of the TCV backlog that was never implemented, even after pandemic restrictions lifted. By my calculation, there should be at least $10M in contract backlog even if you didn't generate a dime of new business since 2020.
You said that you're working on an arrangement to return the capital to Carbon Royalty. I think that's great. Taking on $500K in debt per dealership was always a preposterous plan for a co. constantly teetering on the edge of insolvency. But my question is, where is the capital? It wasn't on the B/S as of 6/30. Is it in someone's garage or something?
I'll have plenty more questions for the CC.
