May. 21 at 2:23 PM
$TRUG this was dumb. I wasn’t aware how toxic the preferred shares are with the reset provisions and how insane this dilution could be. The reality is if you buy the common stock here, you aren't betting on the growth of an innovative golf simulator company, you are buying a deeply out-of-the-money call option on its ability to fight the preferred shareholders and fix its capital structure. Hopefully moving to Nevada goes them a fighting chance.
