RE:Post financing this is a new co. with the same great tech...TailwindsRsrch wrote: Like everyone else here, I'm not at all happy with the share price. And, the disclosures in the prospectus were certainly eye opening.
But, I got involved here based on two things. 1. I think the technology is outstanding. 2. I'm a big fan of CEO Jason Flowerday. Neither of these things have changed, despite growing paper losses.
My belief is that this financing will mark a turning point for the company. Having discussed some of the revealing numbers in the prospectus with management, I have learned that all the items of concern regarding spend are rear-view looking from 2016. Meaning, at this time, and going forward, there have been many changes implemented by Flowerday. For example, scientific advisory board members are no longer being compensated. The burn rate has come down dramatically and is now quite reasonable.
The bottom line here is that the proper steps to manage this company are being undertaken by Flowerday, who is an ethical, smart and talented leader. Meanwhile, there are numerous potential catalysts for the company coming up in the second half of 2017, some of which could even be coming very shortly after the financing.
The history of this company, from an IR perspective, is ugly. Some investors want Officebug, or someone of his ilk, back. My take on IR guys who demand large shares is that they are like a hit of crack cocaine. As long as you keep feeding them, things feel great...but, eventually, they all lead to disaster. Cleaning up the IR and bringing in long term investors who understand the tech and are willing to give management the time to execute is a step in the right direction. Cut Flowerday some slack here...or would you rather he dilute everyone to death just to pump the stock up to $.60 for a couple weeks? It's a death spiral playing that game, and Flowerday has stepped off that treadmill. Painful today, better in the long run for sure.
I keep coming back to disruptive technology with a solid leader in place. Management is always the key to these small companies, and Flowerday is solid. He will bring this technology to fruition. This round of financing will mark the turning point for 3DS in my opinion.
This is fake news