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fbg0316

09/11/18 8:31 AM

#80715 RE: blueyedcatch #80712

Blue, denial of reality doesn't help anyone and is as bad as bashing IMO. Wake up, in 2018 they have sold half the company for $40 million, diluting half our ownership stake. If they could have gotten even half of that ($20 million) in upfront cash for AXAL, they would have taken it in a heartbeat and saved the damage to shareholders.
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rfrankmcm

09/11/18 8:46 AM

#80719 RE: blueyedcatch #80712

It’s interesting to think that dilution was used as a bargaining chip to leverage a position against a potentially low-ball deal. As if to say, “See? We don’t need your money. We’ll raise our own.” But unfortunately Ken is gambling with someone else’s chips, and they just got incrementally devalued. So I find it hard to be excited. I think the company did what it had to do, by raising capital. And to me, that is not a sign of strength. I’m still positive about the company, but I realize we,lol be sitting on our hands for a long time to come. Hopefully I’m wrong.