Good post.
Do you agree he wil need to explain better why current shareholder should agree to give up 500/1 shares then allow for a furthur dilution of 80mill shares?
Seems there needs to be an explanation why the current shareholder doesnt keep the 430/1 shares?
100,000,000 is 70/1 7 bill split.
Do you think for general use purposes- ie aquisition, cash flow, performace bonuses, is enough to justify it?
Or would you rather him split it 70/1 consolidate expense and let it get devoured like ccel after one or two runs.
If what is happening -- after diluting 7bill shares is he has to wipe them out and dilute 80million more to stay alive or go on a spending spree, do you think were done?
If its not the above, what do you think the real plan is. Do You think CEO needs to be more open about CBAI relationship? Do you think he is being too vague. If so, Is this a detriment?
Curious on your thoughts- Thanks
GLTY