styles, this is the way I look at it. KM is running the show now and talking about acquiring assets for the future. Could it be a smoke screen...sure...and hopefully that's the case so he can sell the company. If it's not though, they don't have the extra cash to aquire those assets. Assuming an asset is at least $200M to aquire it and will require capital as it's pre-revenue, leaving $300M cash balance with multiple cash negative requirements will not work. So it's either raise cash thru an equity raise to aquire the asset or use stock directly. Either way, a gia almost certainly means dilution unless they get some kind of partnership or do an actual merger.
Actually did listen to the Piper Sandler presentation.
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