RE: Ragb Ragb, here is your post from December 31st....
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Ragb, says, "Which has been way too many. They seem to be focussed on covid and the original aim for market was vets,food and meat plants etc.. said it was a multi billion market and they have besides placing a few freebies done zip!! Yes I am peed too!"
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Now then, why am I posting this you are asking? The reason I'm posting this again is because (like you Ragb, I have been a bit puzzled) so,I have given a lot of thought as to why they are not getting out there selling the MiQ's like hot cakes into these industries and every time I try to analyse the pro's, the con's, the reason's why I have come back to the conclusion that they are gearing up for a buyout. Why do I think that you ask?
Well, as you all know, a huge Bio Company has placed a PO with the Company, now then, to become a behemoth of a Bio you do things the right way, no cutting corner's and I believe that the reason why they have shifted focus onto getting EUA approval instead of selling into the Vets, food, water etc., is because not only has this "Big Bio" placed an order they have (I believe) explored the option with Jack to purchase the technology, however, a part of the negotiation's included a caveat whereby the technology needs the FDA stamp of approval first, thus rendering the MiQi validated by an industry standard body, legitimising the machine and allowing for, "full steam ahead" sales from the get go,
I might be wrong but that is the reason I think the focus has shifted onto the Covid testing solution rather than the original focus of sales into the vertical markets as was the original Business plan.
I think thet Jack (by now) must be absolutely exhausted and mind blown after all the trouble shooting and all other aspects of running a Bio start-up such as lXG and both him and Rebeck have been quite open and honest that they are not adverse to selling the Business, so, for me at least, I think Jack and Daryl are looking to get over the finishing line with the FDA and make a few sales into maybe UPenn, ETHOS etc., and boom, before we know it there'll be a big announcement of a sale of the Company.
I know you are peed off at the huge wait you have had Ragb, (we all are, no doubt about it) but I think you should hold onto your shares until the announcement of a sale comes through, which will send the SP into overdrive.
This is just my personal thoughts and opinion guys and you can disagree with me, I'd like to hear your thoughts on it, because the only other alternative argument could be the fact that they are running out of cash and so, think to themselves that rather than trying to manufacture machines on a shoe string its better for them to get an EUA out of the way and then do a cash raise to ramp up production significantly.
Anyway, either way, things are looking up fro years gone by and hopefully we can reap the rewards for all our patience over the years......GLTA