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Thursday, 08/08/2024 5:50:31 PM

Thursday, August 08, 2024 5:50:31 PM

Post# of 2906
For the masochists among us, they updated their IPO filing with the SEC. I have neither the time nor interest to read it in detail. It's all obviously ongoing back and forth between balancing new IPO shares vs. note/warrant holders demanding liquidity, finding an investment bank that can make it all work (good luck...), choosing an exchange, etc., etc. This one does specify that resale shares can't be sold until the IPO succeeds. Which makes sense, since the company probably can't survive without the IPO funds.

In the end, there are buyers for the shares or there aren't. And until they start selling themselves through media and a professional communication strategy (I mean, for the love of god, please update your website pipeline to not reference 2023...), I don't know how they can expect anyone to be interested. Man, I'd sure love to be paid a CEO's salary and not have to answer a question from a shareholder, ever. Nice work if you can get it, Chris. I don't know what dream world these people are living in, but hopefully they'll surprise us all and snap out of it soon.
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