Pounce Technologies Inc. V.POI.H

RE:Dead company walking

[Alister11]

A well written post we all hope is not true. All venture stocks in my wallet are down more than 50%. VGO is one of them and yes it is a Cam venture. SLC toots the "leader" and they may or not be.. what "start-up" company doesn't toot their own horn. We know their is competition. If you look at some of the competition you will also find NemunMarkus logos. What I know is that it takes a lot of time and money to build the databases for fortune 500 companies in retail. Slyce has gone after these companies without knowing the huge cost of onboarding. Companies like the one they have signed have many products and the only way this thing works is if the database has the photo identified and compiled. This has been Slyce's biggest expense and by nature always will be. I will agree management should have increased their previous PP but they didn't.. it was a mistake. With the stock price in the toilet (like all the others on the Venture) it is hard to close a deal in favour of current investors. Their is a lot speculation and it is warranted. They will close the private deal for 7 million, save the brokerage and that will get them to the next stage or next big news release. I am actually happy they didn't sell out. The comment about taking millions from the company... not sure where the facts are to back that one up. Times are tough all over... I wish they had of closed the 5 big clients before Christmas as they promised. The only one I heard was Nike but that deal was done just before the earnings report q3 I believe. Just so you know... I hold 60000 shares at an average 36 cents. Finger crossed for me.. I would rather risk it all then sell for 10 cents.