Mar. 20 at 10:51 PM
$TPST $SLS Today's SLS S3 filing reminds me of
$TPST. While i am not a big fan of the S-3, I do have to say that CEO handled it better than Tempest. When tempest had that 4000% squeeze when the interima result came out, the company didn't have a sufficient ATM in place, so when the price shot up, they didn't take advantage of the price increase to get enough money in the bank. The company and us investors waited and waited for a year for the final ph2 results, stupid CEO dropped the 200 million ATM along with the phase 2 results, which sent the company to a death spiral. SLS is smart that they first put out the ATM, and then when the good news comes out (fingers crossed), they will be able to take advantage of the price increase and hopefully not dilute the current investors too much.
