rgupta
Regular
There is no share coming back on market, those were all sold out shares. Google the conditions mentioned, it does not say they have to hold onto shares even for a single second..
The reality is, Sean didn’t have to run a capital raise with these so-called sophisticated investors.
He could have stuck with LDA for capital management like they had been doing successfully for the past 12 months. Instead, he handed the perfect exit to the shorters, the very same group that’s been hammering the stock. It’s incredibly disappointing to see management work against retail holders like this.
And now, because of this, we’ve got another major problem coming up on 1st August, those 103 million shares will be allowed to hit the market. More unnecessary pressure that could have easily been avoided if management had acted in the best interests of long-term holders.
Yes Sean should not have said, it is because of team brainchip relationship building effort.
Dyor