Is Office Space Important Or Getting Tech Out?
well office space is important only in so far as working out of and having things accessible as well as to look professional other than that if it will not be utilized and you can work from home with coordinated efforts to keep developing and advancing tech why not? Who wants to pay the already high rental space of over $30,000 a month in Downtown Vancouver and with all the prices constantly going up now energy as well what is the point if you can save that money in really tough economic times? Quite honestly I have seen companies get destroyed for having physical brick and mortar stores when the strategy should have been going online more so than physical space 2 clothing ones come to mind one whose name escapes me the other RYU respect your universe. The share price has a tough time doing anything when a lot of monies I'd expensed out to physical location. A few American chains came to Canada and closed down because the property space was eating into their profits and they could not compete with others like Walmart in this example it was Target that went down and that was years before this pandemic. So is it wise to have office space especially during the pandemic just for namesake to show and say you are a professional? Who cares save the monies and burn rate stretch your dollars avoid equity financing and that is exactly what nxo has and by the looks continues to do. The lack of office space nowhere indicates a scam company and in fact I fully support this move if what has Bern said is going on. Lot of great ventures started out of people's garage. Anyways those who want to go on Witch hunts and dig up dirt go right ahead. What is most important is capital preservation managing the share structure and most of all getting the tech out.