Oldwhite, and Level II will somehow answer that question? That's like wondering what the thermometer will say when your breath is fogging and you can't stop shivering. It's a symptom, not the cause. The cause lies somewhere in the past where promises were made and deliveries of said promise nonexistent over the last 5 years! What I find profoundly disturbing and at the same time fascinating is that despite a track record of disappointment after disappointment, they have been granted a free pass to do it all over again. And do you know what device they used to get the credibility reset? They asked all the old shareholders who were let down on a similar previous deal which fell through and were then, to add insult to injury, reverse split 1 for 2000 out of existence, TO LET BYGONES BE BYGONES AND FORGET THE PAST!
Are you kidding me? They Chutzpah of these guys. What unbridled gall! The disdain they have for their shareholders is unheard of and monumental.
There's the cause, Level II is the symptom.
Oh, and by the way, shareholders old and new, as outrageous as the request to forget the past was, nevertheless acquiesced to the request by management. That is fantastically amazing.
