Alan has not sold shares to raise money, in fact he used shares to pay contractors, lawyers, acquisitions, etc.
what is the difference ? raising money to spend it on other things, is still raising money
im sure this will not go in his own pocket, as this guy seems very reliable and driven, but should really EVERY possible cost be paid with shares ?
it just seems strange to me a major PR was there with the LOI for the financing company, and only 15 million shares were given to them.. which sounded like a reasonable deal, cash + restricted shares.. because if you believe in ETMO, you will hold them and know its going to increase in value
but we are talking about the 60 fold increase in OS here !! not 15 million but 900 million.. so they spend a lot more on lawyers, advice etc than on acquiring a company ?
do you think those giving advice, making promotion , lawyers etc are going to keep those shares for a few years waiting for a steady climb ?
id like to see a more detailed breakdown on what these 900M extra shares were used for.
and now i will shut up or you will all think indeed im trying to bash, but i am not ! its just my personal opinion and sadly like i said the good news of that contract is completely cancelled out by this big increase in OS
have a nice day all
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