It’s hard from an existing SH perspective to fault AC’s record with CRs.
We’d sure have been in the proverbial had it not been for the last CR. How else is AC supposed to fund the drilling etc, leave a tooth out for the tooth fairy?
If it is insto’s and soph’s selling now then good, it will be good to see them out, and then the market can go about determining a fairer value. An overhang of stale holders is not a novel problem, neither is it permanent or terminal. Thanks to the last CR AC has no hurry to do a CR (if indeed one is even done).
EL
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