Looks like the companyFollowed the instructions regarding rubbing the magic lamp.The Genie must of awoke in a good mood and granted them first of 3 wishes.... (successful close of the PP which included an Institutional Investor)
Now that we have a full tank of gas for this magic carpet ride, let’s press forward with wish Number 2.
Lets see, I think the 2nd wish should be made that several of their Hulk sized cable assembly partners land multiple orders of hundreds of thousands of these cutting edge copper connects which could lead to continued acceptance of their product on a massive scale over the coming months and into 2019!
Hows that for wish number 2? If I left something out, please feel free to jump right in, there’s still time to modify wish number 2!
Seriously, to pull in another $5 million C, with future warrants exercised closer to I believe $7 million C you might think think the Company had to present a really strong case for the viability of their technology going forward! I am not sure how much information they are allowed to share, but it’s hard not to argue with the fact that at the moment they have the best technology available today!
After this somewhat painful wait for the funding to close, the next hurdle should be Q3 earnings which I don’t think anyone is expecting anything revenue related to be very strong.
What would be great, is a press release along with the 3rd qtr numbers which indicates MORE sales on the way of these amazing cable chip sets!
Lets keep wish #3 in our back pocket for now and future use once we know more later in the year.
In regards to the timing of Halloween and the close of the PP, It looks like we will be getting a Treat for now!! (Hershey’s chocolate )
I personally am enjoying the relief of the news and hope all here have a safe and Happy Halloween!!
Not sure if our friends from Canada celebrate this fun little Holiday, either way CHEERS!!
PS I wonder how the share price will react to the funding NR??!!