Imagine being the Private Placement outfit who bought at $5 on Jan 31 and $1.50 on April 18 ... only to realise their funds will be spent on buying back shares at $1.
When the SP will only plummet again once buyback runs out, because the only buyer willing to pay $1 is Yacov himself.
Genius business plan.
Much better than, you know, making a product and selling it to actual customers. Why do that when you can play share market games like this?
So on May 17, cash in the till is $3M... of which $700K is Covid revenue.
So what happened to the $20M private placements? What happened to $17.3M since Jan 31?
JFC.
Add to My Watchlist
What is My Watchlist?