Pounce Technologies Inc. V.POI.H

RE:News oct 21

[lscfa]

I think Ted is reluctant to sell SnipSnap because that was his baby...the special committee and Acumen Partners will find a buyer for this cash flow positive app...could bring $3 million US, half what SLC paid for it...Alternatively, blow out the SLC assets at fire sale prices and use the proceeds to grow the SnipSnap business.....

Wallcrawler wrote:

Financing

Company Release - 10/21/2016 5:47 PM ET

CALGARY, ALBERTA--(Marketwired - Oct. 21, 2016) - Slyce Inc. (TSX VENTURE:SLC)(FRANKFURT:06O1) ("Slyce" or the "Company") announced today that, during recent months, the board of directors has been actively engaged in assessing possible options for recapitalizing the Company to overcome the financial challenges faced by Slyce. A Special Committee comprised of Dale Johnson (Chairman), Travis Reid (Independent Director) and Swapan Kakamanu (Chief Financial Officer) has been formed to review and assess strategic options, and to recommend to the board of directors an approach that is in the best interests of the Company and its shareholders. The Committee has retained Acumen Capital Partners as financial advisors.

Slyce also announced that it has arranged acquisition of its qualifying accounts receivable, subject to the negotiation of definitive documentation, in order to increase liquidity by approximately $400 thousand.

Mmmm what to make of this? Any opinions?