Stock’s down 40% from its overnight high and still crashing. It’s possible the window for a secondary has closed if it was ever open (I’d certainly hope they have been in discussions with bankers to potentially raise capital in the last two weeks. They should fire their CFO and/or treasurer if they haven’t). Agree the management should be exercising and selling every option they can if they aren’t in a blackout period.
Can you imagine being stuck managing that dog, getting a ton of options from the board to improve performance...and then being able to cash out for millions.
It would make going to work on a sinking ship a lot more fun.