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Posted On: 10/26/2020 11:21:12 PM
Post# of 148908
The open market orders memorialized in those two FORM 4 filings are by individuals who simply must be in the loop regarding the use (or not) of the existing Shelf Registration. More specifically, General Council/Corporate Secretary and a Director.
This suggests that the next capital raise, which must be enacted soon in order to pay monies owed to Samsung (and other operating expenses), is unlikely to be accomplished through an open market offering of recently authorized common stock.
As the Transaction Date of these filings was just three days ago, I view this development favorably.
This suggests that the next capital raise, which must be enacted soon in order to pay monies owed to Samsung (and other operating expenses), is unlikely to be accomplished through an open market offering of recently authorized common stock.
As the Transaction Date of these filings was just three days ago, I view this development favorably.
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