RE:RE:RE:Hey Scarlet, take a deep breath……..Blitzer2 all that i have said past and present as to my last post has been said. It all comes down to whether this company sinks or floats in the end. We have seen a ridiculous .07 a share cant hold .15 but i guess if you want posotivity so far it seems to be holding .115
Now my talking about a shares right offerings despite those who may oppose it at .15 is not at all negative one persin made it that way and in my response made ot personal crossed the line you never start to talk about someones family and whatevrr else and i had already said that i will not be able to benefit from anything.
Now if i did not believe what the company is strongly saying that they believe that its remedy to the situation can be permenantly handled in the way they are assessing for the $5 milliion price i would not suggest what i did. The shares can not move more permanently without a more solid business. As i said if the company feels as it does then do the raise get it done prove and stop wasting time.
Whether or not in the end they are successful will have to be seen. Either way if it doesnt work the company will take a hit credibility wise and people will be reluctant as they are now to put what is a drop in the bucket to get things back on track. Now if the company dilutes takes control we add that many more shares under 200 million is still decent if it doesnt and waits for handouts which may or may not come and who knows when if it does they save the dilution but still have to prove that what they said is correct in which case we are losing time and money. Time is as valuable as money.
If i am being negative that is not the case here. I strongly believe do he raise be bold and claim the success as to what you said. Now if it doesnt work like i said either way people will be hesitant to fund things and at least time wise we will have an answer sooner and in that whether this whole thing is worth continuing to spend time on or cut it loose focus on something which hopefully will be less complicated and challenging due to being abive not below surface.
But ultimately ok the company is most likely waiting on government handouts is kind of killing time. Maybe at the upcoming conference the company finds some interested additional partners and can move forawrd as others have said. The conference is not too far off.
Now i am actually quite reasonable in what i have said and in my expectations and i will as i said waot to see where things are at up to and including years end. Honestlt it should not take beyond some point this year to secure 5 million dollars and to restart operations possibly March next year. We should not have to wait over a year to see 5 million inbfunds thats simply not acceptable. The company had all of the beginning of the year to date to get them and has not as of yet.
I believe within the rest of the time it is possible the company can secure the funds this year but i am not as confident in this as i am a .15 retail rights offering. In any case i said my piece and will assess what i will do next year although i remain quite hopeful and will not look to sell any shares at these levels.
Now if the company ditches the oil and gas application this goes to .02 or so but it still shows promise in other things i will no doubt hold what i have because given i am not selling now at 54 plus percent down i will not sell at even lower levels. To me it all comes down to time and money combined with viability. The company is confident in what they are saying i whole heartedly accept that why waste time ans why be more in the pockets of people who will low ball although there are no guarantees more retail shareholders vs those who have not really helped of late will take the majority of shares in the rights offering as i would like to see.
In any case no point to discuss this further you took your time to address me it was only fair i responded. Ultimately ro me time is money and 70 million shares is next to nothing providing the company is successful and gets us back on track. Like i said if i did not have faith i would not have even suggested it. Waiting for funds is simply a waste of time but ok if that is the plan like i said how long? And if within the rest of the year no funds than what? Other sectors will take time for anything to grow and have the stringer share values stick so ok the company can keep having those push along maybe that will help for higher share value raises i get and understand that. Nevertheless lets see what the year brings and as far as i am cinceened if i was not glass half full let alone that i an far more what i hold i would have dumped a long time back. I guess when i had about 16k shares dumped 7k it allowed me to excercise the patience i am having but ones patience to expectations extends so far that too in light of all the so called cutting edge tech companies i held that went literally to 0. I am hoping this doesnt join that list but as i said i have 0 desire to sell at these low levels and certainly not below so it is all or nothing even so i dont like to see time being wasted. Have confidence take the bull by the horns abd prove that the 5 million is all that is needed to get things successfully back on track.
Antways thats it not much more to say as i said before.