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Re: Wrangler1 post# 68086

Tuesday, 05/14/2024 9:22:46 PM

Tuesday, May 14, 2024 9:22:46 PM

Post# of 70713
Very well spoken. The LOIs are a very big piece of this. I just don't understand how investors can't see how LOIs mean quite literally nothing until they are actually executed. I could sign an LOI to purchase a Lamborghini and 500 acres of land. That doesn't mean that I have the capital or the capability otherwise to do so. LOIs are not legally binding contracts.

The way I see it, KT is using those LOIs to dupe investors into thinking that the company has more operating capital than they actually do as well as to make it look like the company is experiencing growth. If there was any intentionality behind those LOIs, at least ONE of them would have been converted into a contract and executed by now.
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