RE:RE:RE:RE:RE:RE:Where's The Update?A NR and a couple extra days on the PP is not going to generate a couple extra million for Tinley. I'd rather close the .50 raise now, build the sp up with the catalysts in the pipeline, show another couple of qtrs with good growth and then do a raise at a much higher price than .50.
We gain more money with less dilution later on. Not to mention we will move to a point of profitability and we'll only need raises for major capital committments but I'm sure you've thought of all thses things. At that point, investors will be coming to us
I'm not sure what your comment about Canada is but i will say this, we are moving to Canada before Nevada, something I always believed we should have done. I also believe Canada is going to be 1 of our best markets, something I've always said. Drinks are flying in Canada and most don't even taste good. We'll dominate Canada if we ever get the drinks into stores.
So yes, releasing news before the tranche is closed is a waste in my opinion. This is likely closed already so a moot point
Neutral2 wrote: Depends how bad you need capital and how quickly you need it. Is a news release wasted if it drives enough interest into the stock so that another $1-2MM of working capital is able to go into the Tinley account? Consider we have a near $2MM quarterly burn rate (very subjective) and $3MM tops of working capital (including the recent raises).
Surely you have put some thought into what an initial bulk supply order for LBF will cost? Or perhaps shipping a bottle line to another state and starting the licensing and commissioning process all over again? Given your track record on Canada Pung you must have a good handle on the capital requirements involved to start international marketing campaigns and accounting practices in another country?
That is a wasted news release to you? Apparently nothing $3MM measly dollars can’t take care of.
I get where your coming from looking at your shares and pleading for a flashy news release to pump up your “worth”, but you’re missing a much larger corporate picture which if you intend to hold this company long term will pay off 10 fold. Raising a sufficient amount of working capital to fund the companies ambitions that is.