Replies to post #13891 on SideChannel Inc (SDCH)

[DamnedYankeeFan]

Still the claim is that the PIPE is well below the current price which makes one wonder... Why?

If the technology is so revolutionary and the business model is sound why offer more than the standard 10% discount to market. If anything the buyers are long holders so the expectation after a 1 year hold is that the stock price would be higher than $5+ where many of the PIPE transactions were announced.

For giggles let's say the market price at the time of the PIPE was $5 and the buyer got at 10% discount they would be buying shares for $4.50.

Now a shareholder that has participated is claiming that the discount is much greater and the current market share price is nowhere near what the PIPE share price is... This reality equals dilution and does nothing but hurt an investor that is buying in the open market - a fact that shouldn't escape anyone.