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Re: runncoach post# 21100

Monday, 12/19/2022 10:54:11 AM

Monday, December 19, 2022 10:54:11 AM

Post# of 21531
I have good reason to believe that there are people that were not original investors participating in these PE deals. Further, I have good reason to believe that they've been selling shares at profit, knowing that they would just be in the next one and the pricing would be favorable, and that is in addition to their warrants which gave them continued upside. That has continued to play out over and over again. IMHO, that is why the price was suppressed and not able to run... I sincerely believe that these people have made good money on their "investments" in SPNX and predecessor...

They enjoyed the upside potential of the big hit and have been able to not merely mitigate their downside, but profit from their overall participation...

Last time around, there was a shareholder rights poison pill to protect the assets (cash) of the company, this time around, they were clever with their preferred convertible scheme to essentially steal the company's cash with this structure. I just can't see this holding up in litigation if they play it out this way...
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