$INV shareholder blasts Innventure management over yesterday's press release, calling it "laughable" amid liquidity crisis.
Key allegations:
• Company likely tapping ATM offering today to stay afloat
• WTI warrant recalculation could trigger 10M+ shares of additional dilution
• At 2M shares of today's volume, would raise only $560k against $14M quarterly burn rate
• Management allegedly ignored or rejected up to 9 restructuring proposals
• No meaningful action in 11 weeks since disastrous earnings call
• Bloated overhead and perpetual dilution making company "unbuyable"
• Alleges self-dealing executives hiding behind consulting agreements
Author warns management faces potential personal liability exposure. Calls current leadership "shameless" for failing to address structural issues after being publicly exposed.
Key allegations:
• Company likely tapping ATM offering today to stay afloat
• WTI warrant recalculation could trigger 10M+ shares of additional dilution
• At 2M shares of today's volume, would raise only $560k against $14M quarterly burn rate
• Management allegedly ignored or rejected up to 9 restructuring proposals
• No meaningful action in 11 weeks since disastrous earnings call
• Bloated overhead and perpetual dilution making company "unbuyable"
• Alleges self-dealing executives hiding behind consulting agreements
Author warns management faces potential personal liability exposure. Calls current leadership "shameless" for failing to address structural issues after being publicly exposed.