RE: Listing on CNSX According to Sonomax CEO Nick Laperle, "Having a partner with the relationships and capabilities of ValueLink has opened new doors and opportunities that position Sonomax at the epicentre of hearing related research. Their success-based fee structure enables us to invest our working capital solely into R&D, where our greatest potential shareholder value resides."
Maybe we'll find out more if there is another annual general meeting.
Given that Value Link has seemingly taken over everything to do with the manufacturing and licensing of
OEMs and ODMs, and given that their website is pathetic and Nick hasn't elaborated one iota on Value
Link's track record, we can only "hope" as Ceilidh1 says, that they are a real business entity with these
so-called "relationships and capabilities."
Insofar as the remaining work left for SHH to do themselves at the "epicentre of hearing related research",
it is vital that we are told how long the company can last with its current cash on hand.
Selling the 51% IP for the alleged $10million that was offered was actually a better deal for us retail
investors (.026 a share equivalent) than what we have now. If that cash had come into the books, then we
could have "cleaned up the books" as Nick said on the Next Great Winner and then split the company into
two entities; one as a holding company for business with Value link and the other the research company
owning 49% of the IP.
But IMHO, the current lien holders on the IP which include two company directors probably didn't like that
idea.
As Malouf said last year, the company was telling us too much, hence I don't think us investors without
claims in case of company failure will ever know any of the true facts about what transpired to change the
status from a sale of part of the IP. Transparency is not part of the governance model for this BOD...IMHO.
In summary Nick;
1. What happened to the $10million deal...honestly?
2. Why do you think the relationship with Value Link will succeed? i.e. who and what are these alleged
capabilities that you are talking about?
3. How long at the current cash burn rate can SHH exist before more financing is required?
I wish us all the greatest luck, but I'd prefer some real information rather than the continued hyperbole and
complete lack of true disclosure.
McGill...a reverse split would be bad for us at this level...unless a solid plan or offer crystallizes. It would be
like a country printing more money and/or overvaluing the entity IMHO.