Exactly. Kim would be an even bigger idiot than I thought If he did an r/s in the absence of truly good news that raised the sp first.
What Ive been expecting is a sustained PR CAMPAIGN with polartec or similar level partner/customer that gets investors juices flowing. Along with that , Kim needs to show investors a PLAN on where he’s taking the company, how he plans on getting the company to the NASDAQ and keeping it there. Kim also needs to start doing the rounds on CNBC, Bloomberg and the like and SELL IT. Only after getting buzz going , explaining the rationale for the r/s and getting the sp up, should an RS happen.
Problem is KIM is not a salesman. Also, he has to have something to sell. Show investors he’s got the goods. So far , all investors have seen are empty promises about how wonderful his silk is. Right now , there’s plenty of healthy skepticism whether Kim really has anything worthwhile to sell or can sell.
This is why KIM needs to step down from CEO role and just remain chairman. He just doesn’t have what it takes. You can’t have a camera shy guy , who holds a conference call once a decade , leading the company.
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