Pounce Technologies Inc. V.POI.H

RE:RE:RE:an email from Slyce' management

[Leafs4Life]

You're right, 6 months was hyperbolic and probably innacurate. But we can do some math to speculate why Chell says Slyce has "financing requirements." 

If five customers in the last public quarter equals approximately $435k in revenue that means 11 customers (your number for this quarter) will deliver around a million in revenue (assuming similar rates and zero customer attrition). Their cost of doing business was 3.6 million last quarter and they had 6.1 million in cash on hand.  Their cash number could dip under 4 million when they report next.   
This is why Chell was talking about "financing requirements" and "raising as much money as possible." The problem is they already did a private placement not too long ago in the .40s and now the stock is at .21 cents and those bankers are holding the bag.

Remember, I'm not the one who said they would need money, Chell did in that email.  All I'm saying is it will be hard to raise money because of the recent private placement, and as a result the terms of then next deal won't be good.   

This is an investment board. I think there will be a good time to buy this stock but it isn't until we see what these financing requirements actually are.