InvestorsHub Logo
icon url

beachhyena

08/11/22 12:49 PM

#503914 RE: Poor Man - #503907

A little naïve to think that there are many in this world who can just throw around $160 million dollars.
The language used when he obviously spoke to the company was based on the companies past experience with dealing with him individually and the knowledge of how many he has purchased in the past. The amounts obviously warranted the phrase "purchase as many as you want" knowing that this amount was inevitably small in comparison to the initial allotted amount of C shares for this particular offering, that amount obviously being 300,000.
Here is a statement from the company regarding this offering.
"As far as financing, we continue ( as we have done in the past) to always explore all options and do smaller amounts on an as needed basis."
Read it into it as you will but for me it is obvious.
icon url

CrashOverride

08/11/22 12:57 PM

#503919 RE: Poor Man - #503907

From the 10-Q it seems that management has a list of qualified investors who seem willing to give them millions of dollars to see us through approval. The C shares can only be converted at management's discretion and not sold to anyone else.

Would you buy such an illiquid asset unless you believed great results would be happening in a relatively short timeline? The amount sold, reported in the 10-Q, could have been acquired through simply buying common shares. So these are in fact angel investors who want to see the company funded directly through approval as that wouldn't occur if the investors purchased common shares. I feel good knowing we can continue to operate this company through the nobless oblige of others.

Regarding the amount being sold per individual investor, I think it's best to contact the firm to get an idea of how much they're seeking to raise. It makes no sense they would want to sell all 10M C shares now when in a few months the news about our trials success should be reported across many global news outlets. Some of the claims made here simply don't align with basic logic.
icon url

jimmy667

08/11/22 9:12 PM

#504130 RE: Poor Man - #503907

Ha ha! You are joking again right? Right? Hearsay from an anonymous poster requires a leap of dispair to get from point A to point B. Bitterness and despair. Strong Emotions! Pity pity. Has no one ever schooled you on the fact that emotions and investing do not mix? The worst decisions are made out of emotions. The stronger the emotions the worse the decisions.