Relief Therapeutics Holding AG (RLFTF)

[PennyWorld]

Another issue that I have relates to RAM diluting by dumping (selling) ADRs. When that starts to happen in a large way (which I'm sure it will), then it would seem to me that the dilution on the EPS ratio at the ADR level will directly impact the EPS ratio on the underlying RLFTF OTC shares. So dilution in one effectively dilutes the other on the balance sheets. I think RAM is simply using smoke and mirrors, and his longer term goal is to raise cash by dilution of ADRs. Why he hasn't been able to persuade the board to r/s RLFTF puzzles me. Possibly GEM vetoed the r/s as an option. Too bad that we don't have a bionic fly sitting on the wall during the board meetings.