Sales?I feel some on the board may be missing the point. Although spectra7 may have excellent technology that is patented, I keep reading things like potential market, possible sales by 2018, and a lot of PROJECTIONS.
The reality of it is this... Spectra needs to start making ACTUAL sales.
I have read the financials on Sedar, and this company is currently spending a lot more cash on R & D, operations and staff, than it is Generating in revenues... bottom line? Cash is running out! So something has to give here...
I mentioned in a previous post that from a technical standpoint, the share price kept hitting a wall at the 200 day moving average. And it did again yesterday when it hit $0.45 and retraced.
I Sold out of my position at $0.44 and will sit on the side lines until the company can start to "Show me the money!"
Don't get me wrong, I like Spectra7 and love the fact that they have a lot of patented technology, however.... It is time to start executing sales and making revenue. And I don't care whether I have to buy back in later at a higher price.... All that means is that they have turned the corner and have started to make an impact in the marketplace. So until then, I will continue to follow the company, but won't own shares until they can start to show they can become profitable
Take care everyone and good luck!
FI4