Let's keep things straight. Frank was aware of the Jamaica PR with his name on it. At least he had answers to my questions, and didn't seem surprised when I asked them.
From all appearances, he was blindsided by the 8k announcing increases in Series D preferred and common share AS, which was not PR'd - only filed. It was publicized here by some astute iHubber (I don't remember who, sorry) who found and posted it.
Still a bad look for the company not to keep your IR guy informed about something that is sure to raise questions, but let's not play the game of 'telephone' here and let things grow beyond reality.
What I don't understand is how they would not prepare for the question storm they must have known was coming by an increase in AS. For the past year, they really have given the impression that they are watching out for their shareholders and investors. Backing out of the RNVA deal because they wanted to dilute, offering the Series D shares in chunks of $500 so that small-timers could take advantage, probably other examples.
To date, everything seems to have been done with a plan to move the company forward and bring along shareholders for the ride. Have they really changed their tune? Have we really misread management? I guess anything is possible in the OTC, especially when the basket contains 3.5 billion (with a B) dollars... I look at it the other way. With that amount, there should be more than enough to go around...
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