A kick in the face to the stock holders from Paul Travers
Yes, stock was trading at 5, make a deal to sell at 2. Getting delisted on the Canadian exchange because prices less than 20% of the trading price. Either Paul is desperate or he is banking on this 7 mill will facilitate getting listed on Nasdaq. However, this move is pretty bad, he obviously screwed the share holders. Any thoughts?
He owns the majority of shares lol. So he screwed himself too? I think not.
This is great news, They are set to explode. He had to bend over, got the money, debt gone, capital is there now. The next few months, we will see huge pps increase from here. 10 bagger from here...
Vuzix has always been able to raise dirty money and capitalize themselves, the problem has always been execution. Then they need to go back to the well, and dilute again. Check he historical s, this has been going on for 10 years