True, I agree, I do not think the CEO in those statements set out to purposefully deceive anyone. I think what happened is that we genuinely hoped and assumed for the best case scenario while the more cynical turned out to be right, specifically that "...The second funding is a $1.5 million cash financing..." was in fact just more equity financing rather than what we hoped would be debt financing. I for one can admit that I was overly positive and assumed that with the word "cash" financing he meant "debt" financing but I was obviously wrong. It was our own misinterpretation, not any fault on the CEO. However I do not think that we "hyped" our interpretations, we just merely shared our overly positive perspective as well as refusing to adhere to the automatic assumption of the cynics that this second part of the deal was just more equity financing; we know now that they were right all along. I agree, give credit where credit is due. The CEO is indeed simply continuing the process as he outlined. I think though that the Q3 report is really what gave us real "transparency". This is just another example of how long term investors need to simply wait for and only take guidance from actual filings, not PRs or market rumors. The actual filingsĀ contain what investors need to know and often PRs and announcements from management can leave room for faulty assumptions and interpretations, of which I certainly am one who has made that mistake but openly admit it.
GLTY
$RFMK