Fancy giving away over 22 million shares to all of the vendors, irrespective of which ones have succeeded in winning any contracts or not, for ONLY $2 million in sales, which is not a lot by anyone's standards and certainly not a lot for a company with the MC of Emefcy at IPO.
Options and share issues have been absolute poison for this company, it has been since I first bought in June last year, every time they'd do another massive options issue, the share price would dive (seeing a 4C would make me shudder), and it has helped to make sure this company struggles to get anywhere into the near future. And of course every time I have complained about this, people here have jumped on me for being a stupid retail investor.
The products are good. The management is reasonably good at selling things. What they're bad at is not looting the company for all its worth.
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