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.
GMV Price at posting:
3.9¢ Sentiment: None Disclosure: Held
