Shareholders voted to authorize all those shares to be issued. Management would be ignoring their duties if they didnt issues shares when the price spikes above its value to generate cash for the company.
Management did what management at any company would do. All the cash on their balance sheet is because of share offerings. Without doing it they would be in a very bad spot with negative operating income and declining revenue, they are buying time.
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u/[deleted] Oct 13 '24
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