$MLEC I am replying to a post I put up on 7/17 ab
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Posted On: 07/21/2023 6:36:50 PM
Re: wowhappens28 #6458
$MLEC I am replying to a post I put up on 7/17 about Moolec a plant protein type of company. I know a fund manager of a religious fund that donates most of it's gain to their religious charities. He really knows his forms, etc. He just buys the big stocks like Abbot, Pfizer, Deer, etc. As PM'd him about Moolec and his thoughts. his reply says it all.>>>>>>
Thanks for the follow-up post on MLEC. For investors, there are two big financial problems and (IMO) one business-model problem.
The financial problems are: 1) the company is currently being funded via a $50M ATM (https://finance.yahoo.com/news/moolec-science-secures-50-million-025500400.html ); and 2) insiders are cashing out now that the post-SPAC lockup period has expired (https://www.sec.gov/Archives/edgar/data/1937737/000121390023057495/ea181693-424b3_moolecsci.htm ).
The business-model problem is as I posted in #msg-168998634.
"Producing animal-food proteins in plants is a pretty cool idea. However, anti-GMO/anti-science types are bound to fight this tooth and nail."
p.s. MLEC’s corporate slide deck (which was used for promoting the SPAC merger) is at: https://www.sec.gov/Archives/edgar/data/18254...umpacq.htm .
Thanks for the follow-up post on MLEC. For investors, there are two big financial problems and (IMO) one business-model problem.
The financial problems are: 1) the company is currently being funded via a $50M ATM (https://finance.yahoo.com/news/moolec-science-secures-50-million-025500400.html ); and 2) insiders are cashing out now that the post-SPAC lockup period has expired (https://www.sec.gov/Archives/edgar/data/1937737/000121390023057495/ea181693-424b3_moolecsci.htm ).
The business-model problem is as I posted in #msg-168998634.
"Producing animal-food proteins in plants is a pretty cool idea. However, anti-GMO/anti-science types are bound to fight this tooth and nail."
p.s. MLEC’s corporate slide deck (which was used for promoting the SPAC merger) is at: https://www.sec.gov/Archives/edgar/data/18254...umpacq.htm .
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