I was nice to this guy for several months, emailing him back-and-forth, and all he did was tell me what I wanted to hear, then not follow through with it.
I have no respect for someone that can destroy this many peoples investment, then show no urgency to correct the problem when it’s pointed out with such obviousness. He should’ve noticed these issues a year+ ago.
If we didn’t start pointing this out he would’ve just ran this company into the ground, scratching his head on how it all fell apart... and he might still do this, even after comprehending the issues. I have yet to see any change, even after he told me multiple times I can expect changes
One toxic dilution deal and we’re subpennies and no doubt this is the only type of deal he’s going to be able to get now. Hopefully they run a tight ship and don’t need to raise any $$... This is our only chance to speak up and try to influence change, otherwise a single person is going to destroy millions of dollars in peoples wealth. All because he can’t figure out how to do simple things that every public company CEO should know on day one.
Time is not on our side, which is why we have to hold his feet to the fire... he already missed the crypto sector rally, even with us putting pressure on him... and now September has come and gone, even though he told me he would hire an IR in August.
All time lows + zero interest = nothing nice to say about this guy
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