TSXV:SQD.H - Post by User
Comment by
XpoGrowthon Jun 14, 2023 4:59pm
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Post# 35496838
RE:Solid products and results-Small incremental funding needed
RE:Solid products and results-Small incremental funding neededI guess if you mean small funding, something on the order of 10M? Probably 50M.
They let go of ALL of their staff, except the CFO, who is tying up loose ends. Pretty sure that the 3 insiders finally had enough...and if they lost faith, then it's all over.
It would be a good lesson for MBA students in the future on how much to sink into R&D vs getting an effective team to sell the technology across the globe.
As for the company, any dribs and drabs left over will be swallowed up by PIVOT and the 3 insiders.
SQI had a good run, but it's over. I'm hoping that someone will take the technology and move forward with it, because it can make transplants so much more effective.