TSXV:POI.H - Post by User
Comment by
MuadDibon Jul 22, 2016 5:47pm
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Post# 25077416
RE:RE:RE:RE:RE:Gonna keep on accumulating
RE:RE:RE:RE:RE:Gonna keep on accumulatingAny government funding is inconsequential. Half the venture companies get it. Probably under 100k anyway. I'm putting faith in the cost cutting measures and the high rate of new clients. Yes, very risky, but trading at the appropriate level for the risk. Bigger the risk, bigger the reward. Selling the entire company may be something considered as well. When clients sign up for the service they'll obviously look into the long term viability of Slyce. Why would they use Slyce if it's about to go bankrupt? If Ted can turn this baby around, it would be very beneficial to those buying at .05-.10 cents. IMHO GLTA
Leafs4Life wrote: If Slyce was getting government wellfare it would be material information. There is nothing about such funding on SEDAR so it has not arrived. Not to mention, who in their right mind would want taxpayer dollars funneled into this company? They've already burned through about 50 million bucks of private money without turning a profit.
Debenture, giving away shares for services rendered, unable to close private placements, burning through round after round of venture money, then getting desperately cornered into a loan to own scheme...
Ted Mann might pull off a miracle... but it would be a miracle.