Bubby-no dilemma. Edison spruiked 2 new distribution/marketing partnership agreements by year end to bring mkt cap to $100 mil. One so far & SP down 30%. Next within 6 wks worth +$80 mil valuation....can't wait Good luck influencing mgmt. AGM was opportunity & exec decisions supported by SH vote, incl cap raise. Prepare your fury & sell orders.
Agree znew. Pipeline regardless, some of the worst mgmt performance indicators & comms in sector.
With SP tanked -55% (now 65%) & impressive destruction of SH value & mtk cap...this co mgmt then awarded CEO and CSO (ex-CEO) very large cash + options performancebonuses(!?) Taking $ off the table with short cash runway, investors hammered & need to tap mkt w/ another cap raise. Appalling & says much about "improving investor confidence/sentiment & giving something back to investors".
Best SH option now IP/pipeline buyout by well capitalised competent mgmt. If co employees assigned invention rights & co owns IP....
RGS Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held
Good luck influencing mgmt. AGM was opportunity & exec decisions supported by SH vote, incl cap raise. Prepare your fury & sell orders.
