TSXV:VER.H - Post by User
Comment by
gaserx2on Nov 05, 2013 10:06am
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Post# 21877075
RE:ALL TIME LOW !
RE:ALL TIME LOW !deccaman- I concur on your points as well. I have mentioned in the past that we need a big player , such as GE, Pfizer or IBM, J&J, etc. only for a takeover.Otherwise the company needs to hire a salaried executive marketing manager and a commisioned sales team all in house, That way they can retain a great deal of gross profit that they have relinquished to the distributors, as well as having people accountable for sales.
As a side note the PP or Financing is closed as of Oct-28 and after the 10 day hold period we should have a news release of its details. I believe we're cashed up with 1.1 million from the financing. We most likely have about 2.0 million cash on hand all together for now. News out maybe Friday or Monday?
With regard to the AGM in accordance BCS law we must hold an AGM within 18 months of the previous AGM, That could put us at an AGM late January or early February if the company chooses. With the way things have been going lately I'll bet on an early next year, since the company seems to have a habit of doing things last minute for now. As well I don't think TB and the team really want to sit through an AGM of hostile shareholders who now have discovered that the honeymoon is over. IMHO.
Just my thoughts for now, but shall see how all comes together after Q3 results. There should be nowhere to go but up.