Okay, couldn't resist. Long time lurker, first ti
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Posted On: 09/21/2019 8:11:30 PM
Okay, couldn't resist. Long time lurker, first time poster. Long about 100,000 shares.
The exposure is that you can't sue them for lying to you when you lose money on the investment (because you lied about being accredited in the first place). (And, they are lying to you and me).
And, my hunch (fear) is that this is a last ditch hail Mary. They can't get enough participation via Paulson investors, so are trying to go direct. The idea that they only "need a little bit more", so are using this as a strategy to avoid dilution, is laughable. My strong guess is that they are fighting off creditors and nearing BK, while desperately trying to close a financing deal. The debt-holder will end up winning.
Yet, I stand with you, not selling, but certainly not buying. There is always a chance!
The exposure is that you can't sue them for lying to you when you lose money on the investment (because you lied about being accredited in the first place). (And, they are lying to you and me).
And, my hunch (fear) is that this is a last ditch hail Mary. They can't get enough participation via Paulson investors, so are trying to go direct. The idea that they only "need a little bit more", so are using this as a strategy to avoid dilution, is laughable. My strong guess is that they are fighting off creditors and nearing BK, while desperately trying to close a financing deal. The debt-holder will end up winning.
Yet, I stand with you, not selling, but certainly not buying. There is always a chance!
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