"These clowns were played like a cheap pipe organ. I am sure the US platinum investors advised our rockstars to structure this placement and in return gave them some song and dance about how they were going to promote our little company to the Sachs and Scwab's of the world but the truth will be in the months to come when they clip and flip and leave the stage like some groupy with hemaroids and gonorhea."
I know it's been a tough 24 hours for every shareholders, this quote from Rickthevet resumes so well what happened and for some strange reasons made me laugh.
I think two things could come up from this fiasco (and they are opposite) :
- They raised the money because late in november they will tell us that the VCSEL completion is taking longer than anticipated and don't know when it will be done (later in 2017). It explain raising the funds now rather than after this news.
or
- In late november (or in the weeks to come), tell us they had to shore up the balance sheet to respect the clauses of an important supply agreement
I hope everybody can somehow have a good weekend.
