erb71
Nov 2, 10:16 PM
$XXII Not sure what the plan is. Is it to use the full ATM capacity (
$18M) as soon as possible, regardless of its impact on the price and market cap? After observing how the ATM has been conducted, nothing seems surprising anymore. It is as if no one gives a damn about the share price. What will be next? Issuing 100M new shares at a cent per share to raise
$1M?! Isn't it possible to raise capital in an orderly way without letting shorts enrich themselves at shareholders' expense? It is unbelievable that someone who shorted just two weeks ago with, say,
$1M when the price was
$0.70, may have made around
$900K as of today. That money is not from nowhere. It is the money of shareholders who found themselves in the middle of an almost unprecedented dilution, where it isn't known whether anyone cared about the optimal balance between dilution rate, capital raised, share value, and market cap. Hopefully, there will be some rectifications that may start a recovery. (Nfa)
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