RE: RE: RE: New IR firm Time to put another year to rest....and unfortunately...still no pea under the shell. At least not as measured by the share price ..and it's the final arbiter...I trust most of you are here to make money.
There is the usual year end 'board' optimism that next year will be ''the year''...but that's been the case every year for the last 5 or 6....I admire your persistent optimism.
For all the years I posted here, I never knocked the product . But I was very outspoken about the reality that the aspirations many of you had and have for the product were overinflated....many of you still fail to fully comprehend the struggle they have....and will continue to have.
Interesting to see a new IR contract.....I've always been aware that when one doesn't like the message, one shoots the messenger. In this case....when you have an ineffective message, or one that falls on generally deaf or disinterested ears....I don''t believe changing the messenger will be meaningful...but I suppose it's another bead in the box of ''hope''.
I'll be intrigued to see how much money they'll eventually go shopping for and at what price....and you all know realistically that it's a tough ( understatement ) proposition for juniors to raise cash these days. I'm not sure there are too many Hugh Clelands left out there these days...most folks are a little more discerning and more knowledgeable . I wonder how he and his clients are enjoying the smell of that 'jet fuel' that he so enthusiastically mused about in a recent update.
I wouldn't be at all hopeful that they can raise fresh cash on a non-dilutive basis. The share value is tenuous enough at this point....but they effectively have no chattels to pledge against a loan or debenture. I'm sure you all recall that they already pledged all their non-intellectual property against the debenture financing completed at the end of 2010.....so what would they have to left to entice a backer on a non-dilutive basis?? Promise to pay based on some spurious future projections may be a hard sell...even for your new 'messenger'.
Seasons Greetings....I'll cheer for ya'.......but I wouldn't wager any of my cash until I actually see something more than words and faint promise ( China for example ) that has been FLY's modus operandi for years. That won't happen overnight...it never does...and I'd gladly pay more to make less...you're still a real longshot at best.