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Bullboard - Stock Discussion Forum VIDWRX INC SMDWF

"VidWRX Inc is engaged in developing and operating cloud-based video content production platforms and video production series targeting the business and news markets across North America."

GREY:SMDWF - Post Discussion

VIDWRX INC > Just got this from the company...mmm?
View:
Post by Wolfe666 on Mar 04, 2016 2:08pm

Just got this from the company...mmm?

The board of directors met on Wednesday (and are still in discussions) to devise a plan to make sure the company survives and remains an ongoing entity.
 
I have no further information but logic would dictate that if management is unable to raise news funds then it will have to pair its costs to the point of cash flow covering its monthly G & A.
 
We’ll have to wait until there are concrete decisions made by the board.
 
Regards,
Comment by jerseyman2 on Mar 04, 2016 2:23pm
Heard the same and as I said before, this Company is so close to " making it " , that a resolution(s) will be made in order to continue to function and to increase Sales and Production ....... I'm optimistic ..... no point being a pessimist when you already own a whack of Stock !!!!
Comment by dannyd9 on Mar 04, 2016 2:51pm
Honestly believe the buyers of the new bonds demanded to see a plan to reduce costs before fully committing. If that is the case then the deal can close and we will hear news of cost reductions. The way it was going, another finanancing would be required by the next quarter. Not sure why costs are so high unless they have to pay higher salaries due to the nature of the work. How much can they ...more  
Comment by haltedNOTgood on Mar 06, 2016 6:04pm
Danny, you seem to be making excuses for them.  They have received plenty of financing through numerous high prices PPs and shareholder money. What they need to do is execute in a clear and transparent manner. The backlog on 14 day videos is a joke.  They sell rapid turnover but continue to tell shareholders than there's a massive lingering backlog. The web site and funnel of ...more  
Comment by pennyflipper on Mar 07, 2016 11:10am
HOW DARE YOU TALK TO THE GOD OF THE PENNYFLIPPERS LIKE THAT??? now, that taking this flaming garbage can private thing... hummm......  banksters love doing that...
Comment by pennyflipper on Mar 04, 2016 2:26pm
funny, they only thing I got is a bad rash you know where! they know pennyflippers can pump this garbage again... ok, yeah 18M on the bid, if they want to dump, we'll all waiting for the worthless paper ...more  
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