RE:RE:RE:Sell the technology or get bought outJusRob201 wrote: I'm trying to find the most charitable thing you could say about MDX management at this point. Incompetence, lack of initiative or is the market just not interested? For cost of all the advisors, sales partners, Agoracom etc how many actual sales has this amounted to?
The lack of follow-up from Q3 alludes to nothing happening for Q4 and I'm unsure of Von Der Porten's contribution, as he acts more like a tenured professor minus the output. What's his salary? Honestly, this whole company needs a massive shake up.
part of the problem i see is that this company doesn't act like a micro cap publicly traded entity that is funded by share issuance. it sees itself as a revenue-generator and has all but ignored the need to get out and promote the STOCK not necessarily the B2B approach of promoting the technology. Of course for stock investors, sales will become increasingly important and the technology is the backbone, but seems to me they could/should have gotten out there to potential investors both retail and institutional and told the story of the potential. they had no corp presentation online for years and the website was a garbage fire that wouldn't entice anyone to ever invest through an account. now they've blown the share structure to the point where a rollback is pretty much inevitable and the balance sheet is shot.
basically there needs to be an entire reset now. and that's a real shame, especially for all the long-term bag holders who for good reason saw a lot of potential here.
sometimes there are rabbits in hats but in this case i think it's a dead one.
I don't know what the magic would be unless there is some kind of miracle huge sale of equipment to some country or outfit. barring that, katie bar the door.