Pounce Technologies Inc. V.POI.H

RE:RE:RE:RE:RE:SLC seems plagued, hopefully not doomed

[lscfa]

Customer based financing was previously discussed if you would care to look it up you lazy basher. It will avoid dilution of current shareholders. Large retailers that sign 3 to 5 year contracts will prepay a year or 2 of monthly licensing fees for a small discount to full prices.

Leafs4Life wrote: lscfa, 

With all due respect, explain to me how customer based financing is a good thing for shareholders? This is not selective disclosure. The company has less than nine months worth of cash by their own admission (and that is conservative, probably less than six).  

Why would they get a good deal from this 'customer based financing'?  Anybody willing to put money in will have access to the latest financial statements. If it was so easy to raise money on favourable terms they would have done it by now.  No company wants to operate on less than a nine months burn.

It doesn't help this message board to act like any criticism of the company is slander. We know via  quarterly filings and press releases that the company is losing money. On July 31 they only had (approx) 6 million in cash.  On July 31 they were losing (approx) a million a month.  They have added numerous customers since then but the math still doesn't look good.  

Explain how running low on cash and trying to raise money via "customer based financing" is a good thing for shareholders?   

I am looking for an entry point for this stock as soon as they sure up financing and give some numbers about snaps translating into purchases.  Any insight on those details would be greatly appreciated.