RE:jv fundingUnfortunately 650 million shares is diluted enough, long term less dilution is key Deals made are water under the bridge, can only prove the tech and learn going forward with future deals
JustLookn wrote: I'm with you citadel. I thought the jv deal was good a while back but I've changed my mind. If they need to wait until the tech is proven to raise funds, what good is ruei? At that point cielo could raise funds themselves. I think cielo has realized this and that's why future deals are cancelled. At least they have course corrected, mistakes happen.
We have to wait 60 days to see if the tech works, THEN see if ruei has money.
Many have said the jv are great because it avoids dilution. I thought the same IF they were raising money prior to proven tech, but no longer. What limited amount they contributed so far, we are giving up 50% of future revenue. To me that is much more expensive to shareholders than dilution. I haven't done the formal math but seems to me this should be easy to calculate if it was a smart move or not.
I raised these thoughts on another forum but did not get any support.