Well pal, If the first raise was done at $1.55 and doubling PPS was associated to it then the stock would have gone to $3.10. If there was any REAL value seen it would’ve stayed or grown from there. Then this raise would’ve been done around that point and if your theory was correct, which it’s not, the stock would have doubled to six bucks after second raise. But PPS is at $2.49 after second raise.
Can you answer why this raise would need to be done now versus later when the PPS would almost certainly rise as co hit milestones and got closer to FDA,...like every other company. It’s not McNally’s job to give cheap shares to someone who wants to buy-in. It’s his job to build value in the company and PPS and use that to do a raise further down the road that causes less dilution. That’s the CEO’s job
And he fails that it miserably time after time, lie after lie.
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