You just don't get it, but I'll try one time.
OF COURSE the warrants are a risky, speculative investment,but
so is the common stock. We have little knowledge and no control
as to what's happening,and have to go on faith.
I've made money and lost money on warrants, also on common
stock, but I try to stay away from companies that appear to be out
to screw the investors. I don't think that's the case here. Dr.
Martinez seems to be an honest man, trying to build a solid little
growing company out of the fruits of years of laser research.
CATS may or may not have been a mistake. Short term, yes,but
the final chapter hasn't been written.
The Swiss deal probably was a mistake. Killing it seems to me an
admission, but probably the right thing to do. That deal hurt
shareholders AND warrant-holders. A better way to get funds, in my
mind, would be to get the stock price up and let the warrants be
exercised(or called).
At any rate, IF more funds are still needed, extending the warrants
to keep that option afloat might make good business sense, AND
be a good public relations gesture to investors(keeping the faith).
You say you're gone if the warrants are extended, cuz that would
be a bad decision. What kept you here after the word came out
about the CATS problems and the Swiss deal?
Perhaps you should sell now.
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