Reality??Ah the familiar air of confusion and frustration amonst NXO shareholders once again.
All of us faithfully waiting for the pot of gold at the end of the rainbow that seems to keep vanishing before our eyes.
Still, as head scratching as it is, I still believe in Allis and will hang onto my shares.
But lets talk about the elephant in the room shall we? That this great technology is struggling to make inroads into the market and may continue to do so because of lack of resources, not revenue and contracts. (though of course extremely important too -I know, stating the obvious)
We talked about financials and the draining of cash runway that NXO is running into. (hence the THOR deal and the effort to desperately infuse some much needed cash into the company)
Queston is, does this company have the resources to develop what they want to do in a reasonable time frame?
Or, are they so low on capital that we'll all be grey haired and in our rocking chairs with the best to hope for is bits and pieces here and there of cash to try and get things off the ground?
In the end, I guess that's okay.
As long as we don't mind waiting, and I mean waiting as this approach could take forever to see a serious return on our money and patience.
Time will tell.
On that note, let me tell you a story. In the early 1940's Walt and Roy Disney, with the financial noose tigtening from poor film returns, a strike and the war, struggled with the realzation that if they wanted to save the company they would have to do something they desperately didn't want to do.
Give up some control and sell off part of the company and bring in shareholders.
Walt was very disheartened in this prospect as the studio was, save for his family, meant everthing to him. He had put his heart and soul into it.
Yet, Roy convinced him that they could try and go it alone, they didn't have the resources to develop any meaningful projects and would probably go bankrupt.
Is that where NXO is now? Do they have the resources to do what they want in a reasonable time frame?
I guess there may be a huge deal around the corner injecting million into the company. I hope there is, we all do.
But I think if they really want to grow this company the may have to go down the road of taking on a serious partner with very deep pockets that can help them develop their projects and finally get this ball rolling.
We'll see.
Until then,as tiring as it is, we wait....again.