A few interesting notes about Drex's most recent Form 4:
1) Although the $2,457,549 note was nominally converted 08/13/2021 - squarely in the middle of a flurry of PRs about all of the "good" stuff that was happening - the Form 4 wasn't filed until 08/17/2021. There has been only one PR fluff piece since then, and Madcow went to great lengths to point out how illusory that news was.
2) The Conversion stipulates that the price will be determined on 10/15/2021 - two full months after the deal was done (while the Company was trading in the $1.40-1.50 range).
3) Since 08/13/2021, MSLP PPS has fallen by nearly 50%, and continues to drop on a near daily basis. As noted, the Company has been dead silent during much of that time.
Now, I'm not blaming Drex - it is entirely possible (likely) that there is simply no good news to report.
However, a cynic might say that continued silence by the company while PPS drops like a stone benefits him more than anyone else (save maybe Madcow, who is as dedicated of a short as I have ever seen). Wouldn't it be an amazing coincidence if there was suddenly a report of wonderful news (early report of a profitable quarter, major deal closed, maybe a potential buyer) on 10/16/2021?
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