Mar. 29 at 1:15 PM
$FRGT Price dropped from
$1.20 to
$0.99 after account [MS_Tammy] began promoting it.
Meanwhile, the company raised ~
$1M via a Series C preferred with flexible conversion, a structure that introduces dilution risk.
If you're buying here, you're not just buying a dip, you're taking on the risk of further dilution.
Good luck, but from my perspective, the setup here doesn’t look very favorable.
https://www.tipranks.com/news/company-announcements/freight-technologies-raises-1-million-through-new-series-c-preferred-share-private-placement
