$MLEC I am replying to a post I put up on 7/17 ab
Post# of 8325
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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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