Mar. 31 at 11:35 AM
$MTEK I dont like it. You just devalued the company giving 10% to AGP at a
$1.24 and now going to give them exclusive rights to the next ATM dilution for another 10%. If a prospective buyer of the company is out there, another way to look at it is you sold 20% of the company for
$5 million valuing the company at a measly
$25 million. Management promised not to dilute shareholders when they took out their loan and now they've changed their tune. This isn’t what youre supposed to do when the stock is already devalued when the company is achieving great milestones. As of now, you just burnt all your long term shareholders for
$5 million which most likely wasn’t a necessity.