Intrinsyc Software International Inc ISYRF

Need a pep talk

[kaydeeh]

I am not as confident in my investment as I was before the 3GSM conference. It revolves around the finances for me. First they state that they are seeking $10 million and then the financing is $20 million. That was good for the people in the company that draw big salaries,good for larger investors coming in to the stock, probably not ideal for any existing large holders but that could/would have been offset by partaking in that last round with the warrants, and I would say crummy for retail investors. Now, they mention in the CC that they did not say they would use any of the funds to pay down the debenture financing. That may be true but they also said that the last round was going to be for $10 million and you can see how helpful that piece of information was. If it were me and I had a clear plan, came across twice as much money as I had intended on receiving and had an onerous debt, I know what I would be doing. Is their "internal plan" less clear than they would have me believe? If you had a plan that required $10 million and you acquired $20 million what would you do? Do they lack confidence in their product, their timeframe , or their ability to execute? Maybe they're conflicted ... If we pay off some of the debenture financing now, will we need that money later? Maybe i'm conflicted ... Should I have put money in this stock or is it a promising story with too many hidden pitfalls?