Yes, they could have raised more money, in the short term, by selling into the spike (this is short sighted view). However, the spike was not company induced so how could they anticipate or know when to sell? The company has not made it a practice of paying for promos or selling shares into the open market. This is why the share structure was able to remain relatively intact over the past two years.
Contemplate this.
What if they raise another $1 mil dollars in cash at $1.00/share?
That would take the fully diluted share count to 4.5 million shares, still tiny. The majority of these shares in the fully diluted count are not yet earned or converted from notes, therefore are not issued. This means the issued O/S is still tiny, maybe around 130 million divided by 1,000 RS or 130,000 shares. Of this, the float was around 70 million pre RS, therefore would = 70,000 post RS.
70,000 shares in the float at $1.00 = $70,000.
The investor of $100 k or $1 mil could take out the float for ~$77k if everyone here sold their shares at the pre RS value of .0011.
So strong hand investors could take out the float or the company could opt to buy back shares with their net proceeds. This would naturally drive the s/p up and reduce future dilutive effect of financing at the 15 million round (Read the executive summary, this the long term view).
All IMHO but the possibilities with the new share structure bodes much better for the company to fund taking this from development to revenue stage.
GLTU
D
