...the management team has attracted 'fleas'...and these shorters keep following them...
....look at all of the companies they have been involved last 15 years.... they issue themselves billions of options... pay people to convince gullible investors to buy....share price go up >1000% ...they exercise their options....and share price collapse.... rinse and repeat...one venture after the other...
...or show me one company where this did not happen where they were involved....
...so please buy more shares....so that your broker could then lend it out to be shorted again...
...or why do you think the enterprise value (EV) is 90% lower than there highest fund raising these last 2 years? That is after management team and their friends and families received how much compensation.....$20M...$50M?
...only way to stop this is through constant buy backs (while you still have cash) pre-FID...or wait to be taken out at 1- 10c for for every dollar raised pre-FID....
...what is obvious to me is that 99% of people on this forum, who are still trying to convince people to buy...are probably staff.... because no wise investor would invest in this 'make a million dollar per annum dream foundation'...
...more importantly.....how is that even remotely acceptable that these guys earn millions/year doing what... while shareholders have lost 90% of their life-savings?
...so my guess is that they would continue to try to convince more people to pay their multi-million salaries and bonuses for as long as they can....telling other people to invest, while they have failed to invest themselves....
It is morally corrupt...
...my two cents...
PMT Price at posting:
26.5¢ Sentiment: Sell Disclosure: Not Held
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