3DB Needs Cash Flow5rockies wrote:
Still don't get why the brothers will be selling shares in a profitable company? Rich and Paul are in no position to twist their hands and force them to as some suggested it. If I were them I will not sell a share, not to mention 24-25 cents a share price.
The answer is Novel AI Systems, Darcy Daugela's new start up company. Start ups take an enormous amount of cash and as a private company it appears that he is self financing it. Old habits die hard, a review of the Daugela's management during his time at NXO shows that he has no issues burning through cash to pursue his business development/goals.