InvestorsHub Logo
icon url

mackwheaton

08/15/23 11:55 AM

#5294 RE: Texbanker #5286

Texbanker, your concern regarding the language is noted, “demand” has been changed to “request”. Thanks for your feedback.

Seeker, the letter will be sent to the company with the list of signatories. It represents all of those signatories and not a single group. Anyone shareholder who wants to sign on may do so.

The intent is to obtain a valid explanation for opening an offering only to have to suspend it a mere 5 weeks later, and to eliminate speculation for this occurring. The prospect of re-upping another offering under similar conditions, given the share price reaction to the initial ATM, is not promising unless substantial events change the investment environment.

As for the suggestion to step away seeker, certain actions by the company deserve scrutiny rather than cheerleaders.
icon url

MMc23

08/20/23 10:30 PM

#5310 RE: Texbanker #5286

I’d like to weigh in on this. I understand the concern Mac is expressing about proactive transparency. The company hasn’t handled communication extremely well. But the tone of this letter, and the way it is presented on investment forums, is not a balanced approach. The company is making significant advancements that will ultimately create a valuable company. While we, as share holders, deserve open and proactive communication regarding the business decisions that are made, the manner in which you are addressing this issue is hyperbole. Please ask the question, but tone it down.