So massive dilution and increasing the authorized
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So massive dilution and increasing the authorized and outstanding shares to 2 billions shares is acceptable. My goodness; I will have to go back and read investing 101 all over with again.
I'm oke with it and so was the majority of the investors. It needed to be done for progress and they have made progress IMO.
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ESS has no strategic fit in this pipeline (better off selling that asset off to another firm to raise much needed cash.
I'm actually very excited about ESS and i'm confident that they will get a grant for this as has been in the past. This is what people have been waiting for for about 10 years, this technology. I'd rather they keep this asset and in return if it turns out to be succesfull can make AMBS good money in a few years or so, i'm guessing.
I don't recall the CEO promising non dilutive funding but i haven't been invested as long as you appartently so i can't judge that.
But like i said in an earlier post, sometimes management need to adjust their plans due circumstances that you and i don't know of.
I'm confident management is working hard to progress the company which will benefit us all. Just give them some time.
I'm not short term like some here, i'm in it for the long term and i like what the company is doing so far. PPS will follow eventually.
Just my thought and opinion of course.