RE:RE:There Needs To Be New Blood Hereztransforms
i am speaking very objectively as it doesnt fit my desire of a collapsing share price which i cant emphasize how much i absolutely disdain and at the lowest wanted the value at no less than .25 to .30 but here we are. So speaking very objectively the amount of Geoff had expressed financial hardship and lack of funding in the you tube video is not looking good one bit. I think you are being way overally optimistic on the repairs because if it were a matter of only 200k i dont think Geoff would be outspoken not to mention that if the retooling is unsuccessful several times that will cause great problems. But who knows exactly as to your point the company on not even one fifth of what was intended to be raised was going to be in good parts pit into the workover but the company went on the basis it would succeed. So lets say you are correct about 200k well assuming that is spent out and now there has to be monies put to retooling and assuming that costs 200k the company would only have about 47k left which is nothing. They have a 747k plus or thereabout debt.
Now assumimg that at best the company finally gets 1 million released from the payment i doubt it will be more they only have 1.047 million to work with which is nothing if they can not negotiate a debt for share in entirety and although helpful if they can negotiate even a partial debt for share and some cash payout. Ideal i will say is 100 percent shares for debt keep as much money on hand then still try to do a raise. I think if the milestobe payments come at least 1 million from it and a full share for debt settlement will bring a lot more confidence that at least those are taken care of and that the company should have 1.470 million on hand that if needed funds the retooling or see it as a reimbursement given they are already expensing it out. So again assuming you are accurate and the first and second retooling is 200k each maybe a bit less but lets say even that leaves as said 47k.
Now the extra 2 million raise is to hopefully cover any repairs on the next phase and general working and corporate purposes. So if shares for debt successful and 1 million milestone 2 million extra is what i would target if however neither are successful the company will need 3 million and i think that will be tough to raise especially among current shareholders because if it were to be successful no reason that should not have happened at .23 unless that .08 or so cent is that big of a deal. The problem i feel is that the company ftom my recollection did not more broadly open up the offering and that too maybe take whatever people at retail can offer 1000 and up not super onerous like i said who has 25k among retailers sitting around and 10k 5k seem quite a bit too the point is make it within as many peoples reach as possible.
There are lots of moving parts and options the company will need to figure all this out but cant rely on government funding or the partners they need to look beyond these two. Nevertheless as they move through resolving these key things in terms of the loan getting whatever milestone payment and providing especially if second retooling is successful that will hugely raise confidence but that is the bane and why Geoff is rattled it seems to me he isnt as confident that the repairs will be as straight forward prior to seeing that the simulation above grounds do not equate to success below so that looks to shaken him and what can he or others really say because this becomes best estimate and ultimately trial and error. Maybe the second attempt is bang on maybe not and that is why he is saying that backers have to understand to have flexibility within the funding. But Geoff is rattled from my seeing what i have and verging on desparate we dont want that but that is how his appeal for strong backers came across in the video. Having said this he still has full faith in the tech and it being a game changer and it is that heart and passion i am here and strongly believe the company will succeed even so it is what the broader consensus will be as to how things go. There are considerable risks and my seeing success is my feel and opinion i am not saying for people to believe but do what needs to be done in handling you shares i will just wait with full faith and extending out time lines as said.