Agree that covid, interest rates etc etc were outside of CEO's control. But the funding runway was 100% in his control.
Playing chicken with capital markets has been a negligent strategy and has left shareholders on near life support.
Capital markets Rule No 1 - "don't raise capital when you're desperate". Rule No 2, "Never ever ever forget Rule No 1".
Good news everyone, I'm done posting on this company ... good luck to everyone (bulls or bears) and remember it's OK to have a different view. Listening to opposing views will make you sharper and save you money.
From some great investors ...
"Losers average losers" (Paul Tudor Jones)
"A stock down 90% is just a stock that was down 80% which halved again" (I think Bill Ackman, but might be wrong)... off to better things
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