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Re: mr bodie post# 663

Thursday, 05/16/2024 1:20:13 PM

Thursday, May 16, 2024 1:20:13 PM

Post# of 692
I used to do M&A and if one looks at the financial picture of the company you run the other direction. Only because I have a pretty large position this ticks me off. Restructure this and that, sell this and that, etc, and no fn cash. If you can’t manufacture product and deliver it if / when sales exceed capacity, you are done. It’s that simple. The reverse split is definitely going to happen and it will be 20:1 for sure to keep listing. The only way out is for the company to be acquired by another firm in same industry and whether Santana likes it or not, he isn’t in a position to dictate terms. A VC firm might have interest in supplying $$$ but they would want control over Board and bring in their people. IMO, Santana will not ever agree to it. In a nutshell we are totally held captive with no say. If you or someone else saw a green light please let me know. Here’s hoping for better days but we are at a minimum of a year out before we even see .75
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