WiSA Technologies, Inc. (NASDAQ:WISA) Q4 2022 Earnings Call Transcript

Unidentified Analyst: But there is an option to go 180 days on an extension. And you may have looked at that board, I’m saying is it — wasn’t conveyed to — anything saying that you tried? Or — I mean, it seemed like you automatically did a reverse split as soon as you got the okay to do it, you did it basically overnight. So I just want to know the rationale behind that because right now, if you look at the stock price today, our stock price is at $3.30, something like that. You’re going to look at that stock price in the next quarter, and I guarantee you’re going to be low $1 again. And you’re going to have to basically come up with the same thing as you did before. So you’re just basically doing the same thing over and over again, and that’s just insanity.

And I want to understand why you continuously do the same things and not look at other avenues because I think this reverse split hurts everybody other than certain people that you’re involved with, but it hurts people that have hard earned money invested in your company. I mean, the stock is worth hardly anything now. I mean, it continuously gets diluted.

Brett Moyer: Jared. That’s going to be the last question, and I feel the pain, trust me. Everything I have is on this company, right? We have always considered — which is one of the reasons we hired AQT, is it better to merge, partner, sell versus finance? So we worked that equation every month of the year since August last year, and we’ll continue to work that equation. And how that plays out this year, we cannot discuss until it plays out, okay? So with that, operator, I think we will terminate the call. And I’d like to thank everybody for coming.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.