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09:34
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Originally posted by Lazarus65
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I am starting to form an opinion that the overt absence of any attempts by the company to actively market and promote its investability is a deliberate ploy for the time-being. While it is frustrating to many of us retail shareholders and infuriating to some, I get the sense that this matters much less to the bigger shareholders (and insiders) than does the need to keep a happy retail investor base. For the primary reason being that they do not anticipate the need for a CR in the forseeable future. And the significant dilution that the now expired and the looming November options represent (given their low exercise price versus the company's self-funded machine creating intrinsic value, quarter by quarter), would be unwarranted pain for the inside holders. IMO. So we had a exercise rate of about 7% of eligible oppies in the round just expired. For a cash desperate company that would be woeful. But in our case, I suspect that this is just about perfect.
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It will be interesting to see what happens here.
