RE:RE:Deep Dive into Fundamentals of IIOT in Canada…It's easy to critize without the full picture.
Management did try to raise debt but the terms weren't ideal: either the interest rate was too high or the lender wanted too many warrants. Potential lenders viewed BeWhere has a HW company, which anyone following the story would strongly argue against.
I can agree that the funds should of been raised when the stock price was around $0.50 around ~6 months ago. However, hindsight is always 20/20 and perhaps they didn't think they would need the money at the time or they were too focused on launching the LTE-M beacons back then. Again, it's easy to criticize. I'm not entirely convinced that if they announced the PP after the Q3 results it would have changed much either -- clearly some people with many shares wanted out and were willing to sell out at whatever price.
If a company is only as a good at its management and decisions, then BeWhere's management must be doing pretty well because most TSX-V companies don't get themselves into the situation of having more demand than they can meet. These team has decades worth of experience in the industry. They know what they're doing with the business.
The funds were mostly for Q1 and Q2 2019 orders anyways. Q4 will probably be slightly impacted, but I believe it will still show good growth over Q3.
hrgoyal wrote: A company is as good as its management and their decisions.
BEW made wrong decision on raising fund, at wrong time, selected wrong agent and converted a good problem of excess orders in to a nightmare for investors.
I am not sure if company know how to get out of this sticky situation. It is clear that no chance of getting fund for Q4 order/delivery. If fund is raised, it will be useful only for Q1 of 2019