Hi NL, I understand and value your opinion (especially it is a different one than most of us have but yet backed up with reasons and reasonable explanation)
My 2 cents and what i think the simple reason is: It is too much hassle to do that. its too much admin work, all the filings, prep , counting the money allocating the shares etc.
A little story (even tho this is somewhat different but yet the same): I have a friend who works in a start-up that I really really believe in. They did a Series B funding for 1 mio. I wanted to participate and even tho I have done a lot of consulting work for him/the company, he is a very good mate, is one of 2 founders etc .... even with all that He still rejected my request because plain and simple: Its too much hassle and admin work for the amount you want to put in we rather deal with 1 investor only.
Now we can take the miss on the Cap raise at this massive (yes its a massive discount but only compared to the SP in the last week not more) as something we are angy about or (like me) take it as : They had the opportunity, they got the money, they have (hopefully) a strategic investor, less admin work means faster progress and better focus on the real goal. Getting funded and up and runing asap.
All IMO
EGR Price at posting:
$1.00 Sentiment: Hold Disclosure: Held
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