With a dwindling sp you must wonder where it will bottom out, pertinent question for consideration is: would or should the Company have put this in a TH until NASDA listing, at least the sp would have been at least $4 higher if done at the last CR.
If the IPO offer is NOT based on the current sp, then the current sp should not be an issue. In the event that the IPO is based on the sp at the time what other means does the Company have to protect itself from unnecessary dilution and it’s impact on its investors?, particularly RIs; who could have sold, taken profits and bought back in, if inclined.
Somehow I believe the Company has zero consideration for this issue, it’s prime aim to obtain funds at whatever the sp is raised at, not something they would ever admit to either.
Still a few weeks away so quite a lot could happen, hopefully in positive forms.
Imo, not advice.
With a dwindling sp you must wonder where it will bottom out,...
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