Press Releases Don’t make SenseA couple of months ago the Company states it has a break through technology. They then state the next step is a financing
Then, the Company states that due to market conditions the Company cannot get 7 cent financing. I guess they couldnt get 5 or 3 cent financing? Was this really a break through technology? If so , investors should be lining up, especially considering the field
Now they want to lock in shareholder value with an announcement in a few months That value can only mean selling assets /being taken over. But they couldn't get financing If the market says your product is not good enough for a lousy $750k financing while being associated with a University and a loan from the Govt for 250k. Why would one want to by the assets?
Something doesn't add up