For the record I have been saying they are dogsh!t for ages so no sudden change from me. Their historical cap raising tendencies have had less fiduciary concern to shareholders because they had their trueup strategy in mind. Disappointed that since the lawsuit they haven't made an effort to raise a large chunk at once knowing they weren't going to deliver anything for months/years.
“They sold a little over 300000 Pref C's (aka ~8,000,000 common) at an average common price of $0.47/share throughout the quarter. Look at the market prices during Q1 of this year. Not once did the stock price get down to $0.47 and it was probably higher than $0.55 on average. Why is nobody in an uproar about that?”
- That is indeed disappointing. How many C shares do we have remaining?
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