RE:RE:Preparation for Annual MeetingWow, the ceo and cfo are doing a great job, they lost the previous financing because of incompetence, don't tell shareholders what their plans are in 2019 and now found another company to do what they should be doing, which is securing financing. How long can the Board let this continue?
If the ceo and cfo are that connected why do they have to pay another company alot of money to find financing? Time for these two to go.
This new company is basically a broker who will take a fee and maybe some warrants. They will probably find someone who will require warrants and any other assets to do a loan. Hopefully the new lender will require a Board Seat, but that is probably hoping too much.
If the terms are not for 5 years then this company will have a problem because they will not be able to meet any sales projects in the next two years based on their history of achieving their forecast. The next item over the next two years, they will probably not be in Bank Compliance. That will generate more bank fees and show the mismanagement of the ceo and cfo.
This Board of Directors needs to start doing their job to save this technology or the lender will own it sooner than later.