Pounce Technologies Inc. V.POI.H

RE:RE:RE:RE:RE:RE:It's just a matter of time

[lamothze]

Look at Sesion (SIO.V) another of Bruce Campbell's picks in fact.

Great product and technology but they didn't have enough time to get traction to generate enough cashflow. It was progressing in the right direction but too slow, they weren't able to find investor for another financing so they are in bankrupt process. The CEO provided a loan but to no good.

Slyce's technology has a wider range of application I think but to me to look like very similar stories ...

I hope this one will be different and that they will find investors but I am not counting out the worst scenario especially with current market.

NotFreddie wrote:

Leafs4Life wrote: None of this matters if they don't close the financing.  

They just took out an unsecured loan for a million dollars from a major shareholder. Companies don't do that if they are in good economic health. 

The technology might be great but the business plan is failing right now because Slyce is burning so much more cash than they bring in. The lifetime value of these customers may justify the customer acquisition cost in the long run, but they don't have that kind of time. They will go bankrupt if they don't get the financing completed.

Speculating about clients in the future is a waste of time until they secure enough money to ensure they have a future.

  

Well said...I firmly agree.