RE:RE:New Press Release - Sirona Biochem Announces Close of Private PlacementIt would be nice to be a fly on the wall to know why the placement is so small. At their burn rate, this could evaporate quickly. Notice their payables on the financials? I'm not convinced they have tried to conserve $$$ over time and have simply become irresponsible in managing 'our' resources.
Hopefully we can weather the next months on a shoe string budget, which would mean that H V would have to relinquish his salary and C H should take a cut in pay out of respect for the survival of SBM.
H V, don't take any salary for the next while and show it as a payable if you are so convinced that we will have struck the golden goose early next year. You too, C H.
I would advocate that they advance the product release date to get some $$$ flowing, especially with that meagre PP.
They need a sense or urgency like never before to try to cover some of the enormous blunders they did over the years, including transparency and keeping we the people abreast of what's happening.
After all these years of trials and errors, mostly errors, they still haven't come close to 'getting it right' yet.
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