RE:RE:Oversubscribed Private PlacementPaperBoi, look at it this way. The company now is solidly funded, and has more cash for marketing. Rembmer, they are going to push heavily with SYNNEX Canada and looks like the USA is a marketing target as well. If they manage to get 10,000 users in the USA via their direct marketing, it generates revenues of 1.5 million CAD and they get to keep the entire revenue as opposed to giving away 50% to a partner.
The other thing is that our market cap went up. And the volume was crazy. This tells me that there is some institutional or investment houses that are behing the funding. That is great for creating liquidity and value to the shares. Better have too much cash these days than not enough. COVID-19 has been hard and no one knows what the future holds if this situation continues. i am fine having them raise more cash. They have no debt and no debenture so thats cool.
This year will see the start of the revenue ramp up. This is a multi year hold. Check this latest article that was published:
https://www.fastmoneyleaks.com/globex-data-ltd-otc-swisf-cseswis-a-small-cap-company-whose-unique-approach-to-the-cybersecurity-problem-will-gain-a-tremendous-traction-over-the-next-few-years/
PaperBoi222 wrote: Wondering how necessary it really was for this PP ? Swis has enough to run the business through 2021 and yet Management felt it necessary to issue more paper?
surely with all the revenues suppose to be generated this year there would have been enough funds for the continuation of the marketing of Sekur…
This is the type of thing that market doesn’t like.. Hey Alain. Dumb move and don’t try this stunt again anytime soon!!!
ADYODD
Cheers
PB