LOYALTY. This is something the folks at Delta could use a lesson in.
They said they had to do R/S if they wanted to have a chance. And we believed them.
They said it had to be a back-breaking 1 for 100 split to get price where it needed to be for funding. And we believed them.
Yes, we believed them. They took almost all of our shares and the ones we got to keep were worth a fraction of what we paid. But we chose to keep the faith and not sell. Because we believed. For those of us who chose to average our positons down, we are still very much in the red.
But we believed in them. We believed in their vision. We stuck by them and held our shares. And yet there is absolutely no concern at the company for us.
Thanks to the split, the float is so small, and our average prices so high, no shares are available. The MM's maintain a huge spread which prevents anyone from coming onboard now. And yet they wonder why we dont average down more. They cant seem to understand that most of us bought in at a nickel. We averaged down in the .03's. Then we averaged down again in the .01's. Then news of the split and the bottom fell out. And yet when everyone else was bailing, we averaged down somemore. And we held. We believed.
And we still believe. Even though the company is going to use shares to secure funding. And even though the issued shares is going to increase from 600k to 4M further diluting our already reduced share prices from the split. We hold. We believe.
Even though they dont seem to care at all about us, we remain loyal. It would be so easy to throw us loyal investors a bone. Reward us for standing by them. We know they wont consider a small forward split to make the float more liquid. Why should they when we are the minority interest here and they have control over the shares. But why not bring in some buying with these funding deals and get the share price to a "respectable" level. Instead of securing $100k at .25, why not work it so person providing funding agrees to $125k. $100k to company and and they agree to buy $25k of shares on open market. We all win. We get a higher share price and the 250k shares they secured funding with at .25 is already worth 2 to 3 times that in value. But no, they dont seem to care about share price right now.
Sadly, this is so obviously true. They just dont care. We all know this wont take much to move it to a buck. Get it there and they will see some selling which will help keep this thing trading with respectable spreads. At a buck they need to issue less shares for future funding.
But this would show they care about shareholders right now and they dont.
LOYALTY. This is something the folks at Delta could use a lesson in.
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