Post by
Leafs4Life on Dec 22, 2015 8:08pm
I'm starting to worry
If the PP doesn't get closed tomorrow I think management will miss their suggested time of delivery (they said week of the 21st). I mean, Christmas eve is a possible date of delivery but if they're working this close to the holiday it would lead me to believe that they are struggling to fill the placement.
If this doesn't get filled this week then I think it's a safe bet that management underestimated how challenging it would be to raise money in this environment.
I'm not quite so sure why everyone on this board is so sure that management is competent. The share price has collapsed and Slyce has needed cash twice in the last year.
I'm beginning to worry about my investment, and I only made it a week ago. Somebody talk me off the ledge please.
Comment by
lscfa on Dec 22, 2015 11:49pm
email mgmt. They told me they are already over the $9 million min raise and some of the buying is from US investors.
Comment by
Spuds6846 on Dec 23, 2015 12:29pm
Relax...all is good...raise will close two weeks into January....more $$$ coming in then expected from some good sources...
Comment by
3burtc on Dec 23, 2015 12:38pm
Iscfa, you are a LIAR!!!! Managment would not give out inside information.
Comment by
Spuds6846 on Dec 23, 2015 1:25pm
Grow up......care to put your money where your mouth is and make a wager
Comment by
3burtc on Dec 23, 2015 1:39pm
Managment will NOT violate securities law. No one told anyone what's been raised so far.
Comment by
lscfa on Dec 23, 2015 1:59pm
I've got it in writing jackass. Email roy@slyce.it and see for yourself.....
Comment by
Saintvitus on Dec 24, 2015 12:39pm
3burtc, it's not inside information.
Comment by
3burtc on Dec 24, 2015 2:10pm
any insider information that is used to give someone an upper hand is illegal. Venture exchange or not. Merry Christmas to all.
Comment by
Spuds6846 on Dec 23, 2015 3:04pm
Care to place a wager...jackass....put some $$$$$ on it....better still buy some stock
Comment by
3burtc on Dec 23, 2015 4:09pm
Sticks and stones........Proofs in the pudding,Show me. The financing originally was scheduled to close on the 15/Dec and we are shooting passed that going on two weeks. Freinds that is not a good sign. I wish managment and shareholders all the best and I truly hope slc doesn't become another sensio. GLTA and Merry Christmas.
Comment by
newdaydawning on Dec 27, 2015 12:52am
The PP, regardless of when it closes, is really questionable in terms of size and timing. The heavy dilution @ $0.20 will unleash a huge headwind for the SP. No wonder it's flirting with its 52-week low.
Comment by
Saintvitus on Dec 27, 2015 11:45am
Not necessarily. You have to think enterprise value rather than just market cap.
Comment by
3burtc on Dec 27, 2015 12:46pm
you are assuming everything is going perfectly, well it's not. Two weeks have past and the financing still hasn't closed. This is worrisome to say the least. This is a show me story,but not your typical show me story. They have to show they can survive and not turn into the next sensio. Will slyce exist in 2016?
Comment by
Saintvitus on Dec 27, 2015 1:04pm
I'm not assuming that at all. I'm not thrilled with the raise either - the timing, size, warrant premium, or lack of accelerated expiry. However, I'm not concerned that it hasn't closed yet. Ask them instead of being a fear mongerer. It's not insider information. Also, one can't say for certain that it will have a detrimental effect on share price at this point in time.
Comment by
Spuds6846 on Dec 27, 2015 1:17pm
As I stated earlier, the prospectus will close early Jan. It is oversold.