RE:Another -5% dayVery simple explanation, the longer Paul keeps the market and shareholders in the dark with zero updates the market will continue to go down to a level similar to pre BioCloud announcements and value simply based on their core business and revenues.
I am frustrated as most are but not sure Paul cares what we think. One observation that I have noted is when the two articles came out with a negative view and questioned the validity of BioCloud he felt it necessary to respond to to the articles. The facts are this short attack has been and continues to be effective.
I have previously mentioned that I like Paul overall as a CEO but like a all he has strengths and weaknesses and market communication is an area that requires improvement. I feel he has dug his heals in refuses to provide a corporate update and will only provide material sales contracts.
Why he will not provide updates on manufacturing and on distributors is perplexing to me.
Why not release number of units manufactured to date.
Number of units sent to distributors to date?
Number of units being manufactured per day?
Number of pilot locations and countries where?
This is not identifying any customers or distributors. It is not breaching any NDA or jeopardizing any negotiations.
It would stabilize the daily decline of share price and give the market real data to base decisions. To simply go dark and not update markets is definitely not working.
My fear is maybe he has nothing to report but I do t believe that. I believe the backing of both federal and provincial governments is a strong show of support.