$SoundHound AI (SOUN.US)$ what happened to this man? sell?

10baggerbamm : what's happening is the company's burning money and they don't have enough cash in the bank to sustain operations so they're doing another stock offering that means in a little over 12 months they've exhausted all of the money that they got from going public using a SPAC they've spent virtually all of the $130 million dollar line of credit already on bullshit so now they're going to dilute shareholders yet again this shelf offering and this is only a small percentage of what was approved was voted on by the board of directors in the fourth quarter last year and during the conference call they said at any point in time that we see and it will happen will sell stock in the company to raise additional funds because in the SEC filings they issued a warning of continued operations do the lack of liquidity. so this company is garbage they fuck shareholders in June of last year by the CEO and the board selling tens of millions of dollars of stock and this past year few months ago the CEO came on was on TV pumping this shit up while they were selling tens of millions of dollars worth of stock yet again and now they're diluting you the bottom line is their technology is garbage it's obsolete that's why they bought a company that uses what they claim to be an inferior solution chat and now chat is falling way behind compared to other solutions.. CLAUDE

Hank6633 : sell

71617951 : they are diluting it like hell

10baggerbamm : the placement of this offering is going to be at such a discount to Market with warrants and it will be liquid that whoever buys it at any point in time can turn around and dump it so you are going to have so much more headwind on this trash and you can imagine just look at the history of this company they burnt over 500 million dollars in investor money before the spec so the 3 million from Nvidia has been pissed away a long time ago and notice in video is not investing anymore money and everybody that was in this March of last year when I started buying it the first time at $2 in the warrants at 16 cents understood about the Nvidia investment it was public information then. the stock's going to be in the $2 range and then you're going to see a reverse split and that will destroy shareholder value and that's what's going to happen because I've seen companies like this before insiders only give a shit about self enrichment making themselves wealthy at the expensive shareholders they fucked you before and they're going to continue to fuck you again