Every single start up entity faces this sort of register issue,...

Every single start up entity faces this sort of register issue, advisors always say the same thing, strengthen the register to protect the shareholders.

If this was 100% retail I hate to think where it would be. The front end product has dropped in price, I for sure know and most longer term investors know that the product has legs.

But I would guess that COB would have been inundated by many 'loyal' investors saying, I am outta here! my investment has dropped and I can't afford it...... Right there you have it, "I can't afford to be in this because my level of comfort/time has little cover" Any CEO worth his salt would try to make sure the company has as well a balanced register as possible. The fact that Joe is honest enough to actually say it, is surely a good thing, literally every company with similar structure wants it, few tell the truth on it. I will not fault Joe on this, in fact the opposite.


Cheers
Phil.