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Re: Doc logic post# 624929

Saturday, 08/26/2023 1:13:17 PM

Saturday, August 26, 2023 1:13:17 PM

Post# of 708089
Does not give them a free pass to lie to investors at will. Well run and successful companies continue to build shareholder value regardless of whether they are a small, big or a pre revenue biotech. They don’t continue to do down rounds for over 10-15 years. There could be an occasional blip or two but not the continuous and excessive pattern you see with this management. That’s a massive red flag. No wonder why they have not been able to find big, credible investors! Because their history points to them screwing investors by raising capital in the subsequent round that values the company lower than previously. And the answer is average down, LOL!
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