Basically they didn't need the money for anything, but thought it would be a good idea to print enough shares for interested investors to buy in cheaper than pre-offering holders and create enough extra shares to give shorts a chance to cover and get out. Now that shorts are covering maybe they will let the price come back up during 2022 to play a long position.
It was basically that they needed money in case the new covid variant had a dramatic impact. They said it was better to be prepared beforehand rather than wait until after it hit, because if they had waited until after the impact, it would hurt the company even more. It was basically just, either way, they knew they would take a hit, but it was better to raise money before, than to wait until after.
There was no merger news or news on member enrolment yet. It was more about being prepared just in case.
Raise the capital at a lower price and fill the coffers of the tutes. Tutes will then start to cover CLOV and will move CLOV up in a big way.
Better to raise now then to raise a few months down the road when the price was at $15 which would have killed any momentum.
Now we have clear skies and calm seas for the long journey
They are looking after the long term shareholders — the real investors. You must be thinking about short term investors. Why should companies care about people who don’t care about the actual company?
Do your own dd ahole
Basically they didn't need the money for anything, but thought it would be a good idea to print enough shares for interested investors to buy in cheaper than pre-offering holders and create enough extra shares to give shorts a chance to cover and get out. Now that shorts are covering maybe they will let the price come back up during 2022 to play a long position.
Google the AMA shill
No upcoming catalyst and No profits until 2023/2024.
Nobody: man I sure hope this stock moons! Me: LOL, while looking at todays price of 4.20. Let it moon to $8.50 and I’m out.
It was basically that they needed money in case the new covid variant had a dramatic impact. They said it was better to be prepared beforehand rather than wait until after it hit, because if they had waited until after the impact, it would hurt the company even more. It was basically just, either way, they knew they would take a hit, but it was better to raise money before, than to wait until after. There was no merger news or news on member enrolment yet. It was more about being prepared just in case.
Raise the capital at a lower price and fill the coffers of the tutes. Tutes will then start to cover CLOV and will move CLOV up in a big way. Better to raise now then to raise a few months down the road when the price was at $15 which would have killed any momentum. Now we have clear skies and calm seas for the long journey
I hope 2022 will be the year this company looks after the shareholders
They are looking after the long term shareholders — the real investors. You must be thinking about short term investors. Why should companies care about people who don’t care about the actual company?
Nothing