How to judge if we’ve been lied to (again.) If the company has $550M in Covid revenue, in Q1— as announced in numerous January announcements — why would they need a $12M private placement on Jan 31? A bank wouldn’t lend $12M to a company that credibly has $550M arriving in the same quarter? And then they need a *second* PP of $8M on April 18? With half a billion in Q1 revenue, Yacov is shy about scheduling a Q1 conference call? A company with half a billion in Q1 revenue has an MC of $10M?? Where are the insiders accumulating like crazy if this revenue is credible?
GMV Price at posting:
3.9¢ Sentiment: None Disclosure: Held
