Streetlight Intelligence Inc V.SLQ

get out or get rich?

[Honkeybill]

They're broke.............and the just of the management discussion in the last financial release is if they don't get cash they cease to operate as they are now. That's a huge negative.

    Positives!..........the BC provincial goverment looks like they're ready to toss money at any power consumption reduction technology and SLQ is getting some press now that they're a finalist for an award. They are also reducing expenses but not sure if that's too little too late.

    The way I see it.............they need a big sale or a bundle of smaller ones. I know there are several municipalities in BC looking at this technology but how many are close to purchasing? Gross sales of a couple of hundred grand in the next quarter is the only way this company will survive the way it is. I understand they're also pursuing the large retail outlets as customers but I think they've been hammered so bad they would have no cash to implement the technology even if they really wanted to.

    I bought and sold enough that I'm holding free shares, but I'm in a quandry about dumping and taking my little profit.........or holding and hoping this technology takes off and the sp goes with it.

    Someone push me one way or the other!!

[ecomplayer]

Well there is no volume to get out even if you wanted. Don't know why they have $600K in inventory but you can't use inventory to pay salaries anyways.The debenture will be the straw that breaks their back unless they either convince the holder(s) to again extend the term or to roll it into shares. If I recall, the debenture is closely held so perhaps the plan is just to wait it out and