Some companies just go ahead and do deals. Pb's playbook it seems is to do endless MOUs. (reading some of the backchatter from the burned TNG shareholders they have complained of this). For it to be seen as a positive, the MOU must have teeth. Ie, yes agree to do a whole lot of stuff, but make it come with an upfront investment to show they are serious. If this comes with say a 10% placement to raise $2m, then this stock will rocket when back to trading on Monday. But if that was the case, wouldnt they need to disclose a cap raise as part of the reason for the TH?
Hoping for some real meat on the bones, not just a fluffy agreement to agree to consider doing something together in the future.
SRN Price at posting:
0.9¢ Sentiment: Sell Disclosure: Not Held
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