Please don’t have a heart attack. This is big news. Clearly stated. And covered. And not that old. How much money did you invest in Todos not knowing that this is the plan?
I think passing for over 2 years on the RS gives Management the right to say they are not going to use it without a lot of thought and consideration. I think you are not seeing the big picture when you voice your concern. I bring a hammer to every job. But I rarely use it. When I need it, it is the right tool for the job. If SP pops on some great news. I want GC to be able to say, “today with SP up for the 3rd straight week in a row, and currently at 88 cents. We have decided to do a RS.” It makes a small company nimble. Nimble being the really key word.
My personal opinion is they should do a RS today. Yesterday. I know I am the only one. Pile on with the punches. I have a few thousand dollars in this company. Go for it. When I told my financial advisor I was going to put $2,500 into TOMDF he laughed. And every time I buy another $500 worth I know he thinks I am an idiot. This company can limp along for 3 years and find itself at a dollar. Then do an RS. And then slowly fight for 10-20% SP increase every year. That is the same amount of money you can make with a low risk investment. A REIT with a high dividend.
Or they can do an RS. Apply for FDA approval for everything. Sell a few divisions/ventures. Sell the entire approved float. Make some acquisitions. Add something crazy I am not thinking about. And just go for it. I will see my $5,000 disappear. Which with these small bio techs I really expect to happen. Or I could see my $5k turn into $500k. And it will be amusing to watch.