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Posted On: 09/29/2021 11:00:47 PM
Post# of 148878
Yes, but only one of us was the CEO.
He had already cashed his shares at $3.27. So, he decided to gamble with debt instruments instead of play it safe with equity raises.
He was betting with our investment. Again, after he had secured his fortune. So far, it really hasn't been a good bet for us. But, it still might work out.
Just to be clear....he could have issued 100 million shares at $4. We would be current on our bills, be able to buy inventory and fund trials more effectively. He didn't. He kept betting that the share price would increase, thereby allowing him to raise more money with fewer shares. It didn't, and he didn't.
The is and has been my entire argument. I just figured out how to make it shorter.
He had already cashed his shares at $3.27. So, he decided to gamble with debt instruments instead of play it safe with equity raises.
He was betting with our investment. Again, after he had secured his fortune. So far, it really hasn't been a good bet for us. But, it still might work out.
Just to be clear....he could have issued 100 million shares at $4. We would be current on our bills, be able to buy inventory and fund trials more effectively. He didn't. He kept betting that the share price would increase, thereby allowing him to raise more money with fewer shares. It didn't, and he didn't.
The is and has been my entire argument. I just figured out how to make it shorter.
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