biotech92
$FLUX $STI WORD ON THE STREET just now, but CREDIBLE WORD ON THE STREET. FLUX management, after saying the Solidion offer greatly undervalued the business, is ACTIVELY SHOPPING FOR a PIPE. And that means the company is worth a whole lot less. Current shareholders will ABSOLUTELY get massacred by the inevitable dilution. Seriously, you can't overstate the toxicity of the PIPE, the terms have gotten worse and worse and worse. FLUX, under current management, is a cooked goose, it seems to me. Also, we discovered that the guy in charge, Dale Robinett, has no meaningful public company experience. He may taking his shareholders into a train wreck. Actively shopping for a PIPE?????????? Seriously? That shows you just how bad things are, that he is in a position that he is WILLINGLY going to do this to shareholders. But he is setting himself and his board up for LEGAL LIABILITY down the road by shareholders as the SOLIDION offer is public. And if things go south, they are rightly liable!
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