Go back and read the message string one more time.
I was specifically referring to the information in yesterday's 10-Q. Since it was announced yesterday I don't really see what it has to do with trading over the the past month. I think the pps fall you are talking about is more connected with the announcement that our transfer agent is self-gagged for all stocks, lack of PR's and that awful 10-K. (By the way, I think they need to change TA's!)
I was referring to the market response today versus yesterday when the 10-Q was released. ETNL did not crash down to .003 as forecast yesterday. In fact it was up 1% for the day...until the last minute bidwhack. That is what I meant by the Market not seeming to mind it that much. Did you see something different with today's trading?
Don't get me wrong...I don't favor dilution and we have paid dearly for that. But the 10-K and 1st quarter 10-Q very clearly shouted out, "We are low on cash!". It also said they would tap the treasury and/or a get line of credit to get through this period of time. If I was that worried they were going to dilute this past quarter I would have sold it all the day after the first quarter 10-Q and the 10-K came out.
How did YOU think they were going to pay the bills last quarter? What do you think their options were...sell shares, line of credit, fold up the tent? I think they can trim much more from the operating budget, and I am growing frustrated with the delays in getting the revenue stream up and going. Then maybe less shares would have been needed in Q-2.
I'm expecting more shares to be sold in Q-3 unless they have secured an awesome LOC already and just didn't tell us yet.
P.S. I also think they need professional help with running a publicly traded company.
AI
