While I obviously hope to see the pps rise sooner

While I obviously hope to see the pps rise sooner rather than later, I am not particularly concerned by where we stand in the short term. Business is growing very nicely and should keep doing so for quite some time, we have capital to sustain us well into next year without the need for further dilution (though I expect the upcoming acquisition to be done at least partially with shares; we’ll see soon enough how the deal is structured). Rory said he thinks we might not need to raise capital ever again but it depends on so many variables that I think it is impossible to predict beyond 2021. Anyway, capital raises are not necessarily a bad omen. Also, it helps that I am lucky enough not to need the money I put in this anytime soon (neither for other investments, nor to sustain my family), which I understand might not be the case for everyone, especially in a rough year like this one.

Something I found really surprising in the presentation was the mention of 2 million bucks of capital related to exercised warrants. I do not know the strike price of all the existing warrants but it cannot be much lower than our current pps. So exercising these is quite the leap of faith for whoever did it, which is quite nice imo