Pounce Technologies Inc. V.POI.H

Spoke to Cameron...

[Greyish]

Spoke to Cameron last night after the news posted. He told me that the financing price has been lowered to  be closer to the market. Basically this thing is going to go down some more before we see some ups here....Considering the market condition Slyce is becoming a more risky investment

[Saintvitus]

Financing price being lowered isn't bad news. However, they need to make do with a lot less. No good reason they should need $9mm after burning how many millions already?

[Greyish]

I agree but do you think the market is going to react well to the lowered offering? 

[Leafs4Life]

The market will not react well to a lowered offering, which is why they are trying to get all the investors in place before they announce that the offering has been lowered.  I'm not sure if it will work (and judging by the fact that they secured a loan for a million dollars, they aren't sure if it will work either.)  The repricing should have been done weeks ago but management

[NewDenverKnows]

On the plus side... the financing will go through. The stand by loan of $1M imo is somewhat fake and it cost us $20,000 to bluff. Institutions probably called them out saying what risk are you personally willing to take if this is so hot. So they sort of put their money where their mouth is, in theory.

[Saintvitus]

I think so, but we don't know the details yet.

[Leafs4Life]

Crunchbase says they have raised 37 million so far.  The problem for Slyce is that their costs increase every time they add a new customer. This is fine in the long run because the revenue is recurring and the lifetime value of the customer is a lot more than the up front cost (assuming no churn).  But in the near term it is a disaster for their cash position.  A look at their

[Saintvitus]

What's your position in slyce?

[Leafs4Life]

I have followed Slyce from its inception because I was offered a chance to invest in the 25 cent pre market round. I was suspicious of the business plan so I did not participate. I also considered shorting the company when it hit sixty cents (I am glad I did not because it went a lot higher and I would not have had the balls to stay in the trade).  I started a position in Slyce in mid

[Conradsparrow]

Would this be legit/legal?  Him discussing changes before formal announcement?  This could be considered insider data…