RE:RE:RE:RE:RE:RE:RE:RE:Where's The Update?talk about assumotuions. where did I call out management? I was calling out your message that a couple extra days will bring in millions more. You said we spend about 2-3 millon a qtr and then say we could keep the lights on for a couple extra months. Do you really feel we are that close to closing the doors that a few extra days will save us. if that is the case, we are in trouble
Neutral2 wrote: There is a lot of assumptions baked into that pie in the sky post there backed by little fact:
-A NR and a couple extra days on the PP is not going to generate a couple extra million
-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
-we will move to a point of profitability and we'll only need raises for major capital commitments
-that point, investors will be coming to us
Now I am not saying all of this wishful thinking is not achievable, but I am also not calling out management yet again for keeping a small placement open likely in hopes to keep the lights on a couple months longer before the next placement. From my perspective, the damage is done so keep it open until your satisfied with the quantity raised or until all interest has diminished. Do you honestly think Jeff is incompetent to the point he would keep a placement open only to damage his precious company?