It’s not exactly complicated to get out in front of this mess and announce a different direction that will still result in funding, even if they don’t have anything lined up yet.
They’re audited now. Issue a press release saying that the SAGA Nasdaq issues are unacceptable and we are backing out of the spac deal and will be due $1,000,000 and that we are going to go SEC reporting and uplist to OTCQB while we negotiate and finalize other funding.
Remind shareholders (which is a fact) that the pipeline and IP along with patents, pending patents and AI remain valuable assets and nothing has changed on that front.
Give a thorough update on Clone 3 and say what you can about any NDA’s at this point. NDA’s don’t mean you can’t reveal anything in regards to them. At least give shareholders a significant update for once and answer many of the lingering questions.
Any competent, caring ceo would be well out in front of this already and we wouldn’t be seeing the panic selling that’s going to continue until they do something.
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