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biosectinvestor

11/28/22 1:24 PM

#539927 RE: exwannabe #539922

I learned a long time ago that those who pretend not to understand entrepreneurship 101, and claim everything that sustains the venture is a fraud, are weak advisors and put forth poor advice.

Basic business 101, to grow, you need shares to be able to use at this stage, to do deals, to pay the bills and to keep the venture going. A company probably won’t use all of them in most cases, once they have revenue, but that all needs to start before they have no more need. Having authorization to continue to exist is part of the norm. But authorization of itself is not “dilution”. Shares need to be issued.

This idea and vote continues the venture, and makes it stronger. Of course there are people who do not want it to succeed.
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sentiment_stocks

11/28/22 1:48 PM

#539939 RE: exwannabe #539922

LP is likely also thinking some BP may have rogue actors. So perhaps she has had reasons not to trust some of them, too. Hence, turn down the checkbook and go it alone for the time being.

Maybe she'll have sorted out soon enough who's on our side and who isn't by now.

IMO