TSXV:POI.H - Post by User
Comment by
Leafs4Lifeon Jan 26, 2016 12:54pm
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Post# 24494474
RE:RE:RE:RE:It's just a matter of time
RE:RE:RE:RE:It's just a matter of timeNone of this matters if they don't close the financing.
They just took out an unsecured loan for a million dollars from a major shareholder. Companies don't do that if they are in good economic health.
The technology might be great but the business plan is failing right now because Slyce is burning so much more cash than they bring in. The lifetime value of these customers may justify the customer acquisition cost in the long run, but they don't have that kind of time. They will go bankrupt if they don't get the financing completed.
Speculating about clients in the future is a waste of time until they secure enough money to ensure they have a future.