Food Innovation

[wow_happens28]

Dew did respond to me at his board, not very positive. I forgot I posted it there last year. Looks worse this year

Key negative: insiders are cashing out now that the post-SPAC lockup period has expired

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172397896

Thanks for the follow-up post on MLEC. For investors, there are two big financial problems and (IMO) one business-model problem.

The financial problems are: 1) the company is currently being funded via a $50M ATM (https://finance.yahoo.com/news/moolec-science-secures-50-million-025500400.html ); and 2) insiders are cashing out now that the post-SPAC lockup period has expired (https://www.sec.gov/Archives/edgar/data/1937737/000121390023057495/ea181693-424b3_moolecsci.htm ).

The business-model problem is as I posted in #msg-168998634.

p.s. MLEC’s corporate slide deck (which was used for promoting the SPAC merger) is at: https://www.sec.gov/Archives/edgar/data/1825437/000121390022067259/ea167761-425_lightjumpacq.htm .