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Thursday, September 07, 2023 5:08:04 PM
Successful investing (ie, making a profit) is about predicting things before they happen.
Last month they pre recorded the emerging growth conference presentation, which I think is a bad decision.
The press release they issued about today's presentation stated the same thing - a pre recording.
Then a S3 announcement. who in their right mind would invest in that?
if I am right, and they get no one to invest, the stock will go down because the only other way they will get capital is to do some form of toxic financing which will drive the stock to 0001.
Putting that aside, this management team is inept, so that means even if they did raise money through the S3, the stock will go down because they are looking to raise $500,000. Forst and foremost $500K is nothing and that is probably going to be used to pay their salaries or repay expenses. And even if they didn't use the money to repay salaries, what is $500K when it comes to film production?
What a joke.
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