RE:Ppthis private placement when i keep reflecting on it was very smartly done. Managment saw that there was a huge demand and also knew that they did not want to go high as they are seeing the price variations. .50 was the right price actually despite I or others wanting it around .70. This follows the heel of the oversubscribed and I am betting that this will be too. So the company theoretically i suspect will have enough monies to last the rest of the year. They have a price of $1.50 with the acceleration clause. So you know when that trips off and there is a need for another raise it will not come any less than about $1.20 at a .20 off the trading price which is typical so that would mean less shares will be used. Now I have given my assessement and still hold to it. Theoretically until i see revenue flow through I will cap my assesment at 600 million projected out. Again by shares
400 million outstanding would be $1.50
500 million outstanding would be $1.20
600 million outstanding would be $1.00
but as the company moves forward there is confidence in the share value and what i suspect you will see are bought deals coming and less dilution.
The first news that will drive this will be the announcing of the closed pp--i actually agree if it is not finished this day it will not go beyond Wednesday of the coming week. but I am suspecting we will likely hear news of its closing on Wednesday or Friday--that is how much demand there was at this .50 level--I have no doubts about that.
the next news will be interesting but what I am after is hearing about the preorder deposits being collected. I don't know what the company's fiscal year is but whenever it is I will be it will be in the company's quarterly by law they are obligated to file it on Sedar and I suspect that must be coming soon--so whether or not it is pressed release it will be on the Sedi filing and we will know for a fact that there is product--which every company that I have invested in when they give specs they have product so pay no heed to people who say otherwise.
Eguana gives specs it sell those products. I have been in companies without spec but talking about things many which unfortunately didn't come to pass. I know i have talked about Natcore i belive--they did not once have a spec but they were diligently working to get their tech out they just did not succeed. I don't at all call that a scam because they tried. The only thing I will say is over promised under delivered.
the previous management of nexoptic is constantly getting slammed. The Dugala Brothers did their best like the old management of Poet many years back. They were trying to revolutionize the lens business in trying something that had not been done for more than 400 years--they had a working prototype, held an unveiling where the media was invited and drew the attention of the CEO of Mac Donald Dotweiller who was invited by someone who was and still is very favorable to the company but he has been not happy with the Dugala's. the bottom line is this i will defend the brothers to the very end even though the result has been disasterous and still is until somethig tangible comes out under the current management team but nowhere and no how will I slam them brothers it is their tech the company is still building on whether or not they succeeded although the new management decided to axe the square apperature lenses to the conventional round lenses. Again, this just didn't happen it is no way a scam or fraud. My clear definition to this is if i believe i have stated people are faking operations, have 0 intention to bring product to market and just totally screwing and fleecing people. So far, I have not seen this with any company i have invested in and it is to that extent you are taking a risk and should not call people out unless it is a flaggerant disregard of what is going on. How things materially happen or not is entirely a different thing but it is what the intentions were to start with and whether people are sincere with them. I haven't gambled on one company that did not have a sincere intent so that is why I got a little ticked off with people saying what they did over here.
This is 100% a legitimate business and there is an intent to succeed in this sector--how well and how much is sold into the market place has yet to be seen. Now the management has said it is back logged as JC indicated so that means that we should see decent revenue recorded on the books in the coming quarterly. It also means that the company finds itself in the same problem as what they say of Telsa which is it looks to me there is a lot of demand that is outstripping the company's current supplying abilities. JC talked about expediating the process the only way that you can is have a bigger production line and capacity so i am willing to bet some monies is going to increase that.
The bottom line is this people have to be reasonable as to their expectations. Products were just announced in January although sure I am willing to bet the company already had things going priror to it but it still is not a simple task. It defnitely shows that people slamming the company either have no clue about everything that is needed to get all these things executed or if they do they are just making noise to scare people which is horrible on their part and they should be ashamed!!!
One last time, when I have been invested in companies with Spec sheets yes those products sell when there are no spec sheets there is nothing! You can't have products without getting tested and those test will look at all the current the electrical flow etc so that is how you know these things are tested at least one anyways. The rest is now needing to go through the automative process and when they are sent to the company the company brings it to those who ordered them will set it up and they should work. If not that happened to be defective and again one has to make alotments to that as I haven't heard of any single product manufacturing with 100% working things--at least to my knowledge--90 to 95% of things are likely to be working perfectly but I would give a 5-10% off just simple defect for whatever reason. That said, we will know how things roll out we will not likely know if things were return due to production defect that is something that is internal and not something we will be having our attention on or should be on--we need to see those things that are booked although anyone with a defective product will never be happy but that happens.
In any case, this will be above a buck in March if not this month!!! It just can't happen any other way but let's see. Just my opinion that's all take it for what it is worth or not--all of it. Time will tell all things!