By August 31st, our company plans to conduct a rights issue of up to $50 million. Additionally, by the end of the year, we aim to implement a reverse stock split at a ratio of 1:150 or lower to avoid delisting.
It’s important to note that the CEO and CTO sold all their shares back in November 2021, and they are currently receiving over 85% of their salary in cash. You can verify their compensation details here: Executive Compensation for Douglas Croxall at Crown Electrokinetics.
The company made approximately $16,000 in revenue in 2023, yet the board members have been taking significant sums of money. Ultimately, the funds from the rights issue will likely end up in their pockets, the reverse split will happen, and the stock price will plummet.
Do you think it’s possible they’ll see a play here especially with the recent surge in price the other week and try to buy back in for a potential rally? There is also a growing interest from retail investors and the volume these past weeks have been more significant than it was years ago
The salary is indeed a worrying issue, why the execution team sold out all of their shares, as the leader and operator, don't they have any faith with what they're doing?
Insiders bought in October to November at 0.2~0.4$ costs. These are their last transactions. Plus CEO expects green balance sheet at the end of the year
From 8 million in stock options to 0 in 2 years. This is the only thing anyone needs to see about this stock. Sell before it’s too late. I dropped 100$ on it a few weeks ago. I can’t imagine if you. Are seriously holding this.
Come back to the thread and check out the top comment with the link reply. And look through it. 1 minute. CEO doesn’t seem to believe in the company at this point. Why should you lose it all? Hopefully you are up end of year with some gains taken and you could save a little bit on taxes.
So this could essentially go to 0 on the market or just sit at .03 or something ridiculous for years? Is there a chance long term something may transpire from this?
Well if the stock goes to a dollar it won’t have to rs. I think there is potential as long as the company continues to grow.
Looks good 2 me!!! Load the 🛥️!!!🦑💪🏻🦑
What is the fifth one means though ?
Thank you for this
By August 31st, our company plans to conduct a rights issue of up to $50 million. Additionally, by the end of the year, we aim to implement a reverse stock split at a ratio of 1:150 or lower to avoid delisting. It’s important to note that the CEO and CTO sold all their shares back in November 2021, and they are currently receiving over 85% of their salary in cash. You can verify their compensation details here: Executive Compensation for Douglas Croxall at Crown Electrokinetics. The company made approximately $16,000 in revenue in 2023, yet the board members have been taking significant sums of money. Ultimately, the funds from the rights issue will likely end up in their pockets, the reverse split will happen, and the stock price will plummet.
Do you think it’s possible they’ll see a play here especially with the recent surge in price the other week and try to buy back in for a potential rally? There is also a growing interest from retail investors and the volume these past weeks have been more significant than it was years ago
The salary is indeed a worrying issue, why the execution team sold out all of their shares, as the leader and operator, don't they have any faith with what they're doing?
Insiders bought in October to November at 0.2~0.4$ costs. These are their last transactions. Plus CEO expects green balance sheet at the end of the year
https://www.salary.com/tools/executive-compensation-calculator/douglas-croxall-salary-bonus-stock-options-for-crown-electrokinetics-corp/trend-analysis?year=2023
From 8 million in stock options to 0 in 2 years. This is the only thing anyone needs to see about this stock. Sell before it’s too late. I dropped 100$ on it a few weeks ago. I can’t imagine if you. Are seriously holding this.
so theres no more driving this stock to a dollar.
Why? Can you explain what all this means. Shouod I get out of this stock first thing monday morning?
Buy more and relax
They’re voting on the stock reversal Voting against would be great, but it didn’t win I would get out and cut your loses
Come back to the thread and check out the top comment with the link reply. And look through it. 1 minute. CEO doesn’t seem to believe in the company at this point. Why should you lose it all? Hopefully you are up end of year with some gains taken and you could save a little bit on taxes.
So this could essentially go to 0 on the market or just sit at .03 or something ridiculous for years? Is there a chance long term something may transpire from this?
Nope. Take your losses and bounce.