Remember Ray put out he was pursuing non dilutive financing and then in April bam, dilutive financing.
Ray stated he would put off the R/S as long as possible and do it along with good news. If no good news I will take my free shares and move on.
Although Ray put out in SEC filings what they would do he has made statements in CC to make it seem things are being done.
I think for this reason this thing tanks and never recovers. I also think that he is not telling the whole story and this is why they want the protection of the sealed order.
Time will tell but if no news Monday or at the R/S this company does not recover unless they get approval.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.