TSXV:SQD.H - Post by User
Post by
cacfacmaon May 03, 2023 12:34pm
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Post# 35427805
SQI Diagnostic Prospects
SQI Diagnostic ProspectsI have been a silent observer on the sidelines for the past few years but need to take the opportunity to say something now.
The reason I invested in the company originally was because of its great technology, such as Rali-fast, Rali-dx POC, and Tordx Lung, which are all potential game changers to health care. As those familiar with the story already know, the path to commercialization is much clearer now than it was even a year ago. $10 million would be enough to see the company through at least another year of operations and to let one or more of these opportunites come to commercialization.
I understand and appreciate that the three majority shareholders have supported the company to the tune of tens of millions of dollars over the years and that the company would not be where it is today without them. I also appreciate the fact that everybody has a tolerance for how much they want to invest in a single company.
However, what I cannot understand is how the company is having difficult raising capital from outside investors. Given the addressable market, in the US alone, of more than $1.4 billion dollars per year for their suite of products, this should be an easy task.
Hopefully another poster here can outline what I am missing.