May. 13 at 7:39 AM
$SMX Still not sure why an RS was done while it was starting to bounce back, and shorts appeared to be commencing winding down. However, with the news of the RS, they had a useful excuse to start shorting again and sap sentiment just at the point when it looked like turning around. If there had been a further post-RS dilution, it may have amplified the drop when combined with short selling. It would be helpful if the company provided more frequent updates on the number of outstanding shares, the degree of dilution, the amount raised, and the roadmap to effectuate revenue-generating contracts. Otherwise, shorts seem to exploit the ambiguity to trigger more sales.
