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Re: runncoach post# 21373

Tuesday, 08/22/2023 10:16:53 PM

Tuesday, August 22, 2023 10:16:53 PM

Post# of 21523
They haven't lost anything!

The do a PE deal (stock plus warrants), the stock runs, they sell the stock at profit (retaining the warrants).
The stock price oddly comes down, another PE deal is announced (stock plus warrants), the stock runs, they sell the stock at profit (retaining the warrants).
The stock price oddly comes down, another PE deal is announced (stock plus warrants), the stock runs, they sell the stock at profit (retaining the warrants).
The stock price oddly comes down, another PE deal is announced (stock plus warrants), the stock runs, they sell the stock at profit (retaining the warrants).
The stock price oddly comes down, another PE deal is announced (stock plus warrants), the stock runs, they sell the stock at profit (retaining the warrants).

They now own almost nothing but multiple rounds of warrants. The big read out is now about to come. In spite of plenty of cash for over 12 months, they do another PE deal, this time, yes, the upside of stock plus warrants, but protection on the downside via a preferred convertible deal that if the news is bad, they can dilute into common shares at pennies on the dollar relative to cash position.

This has all happened in plain sight, it is very straightforward...

The money supporting the company is not the PE money, they've cashed out at a solid profit at the expense of the unwitting public investor who was persuaded by Dr. Alkon's solid testimony...
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