VentriPoint Diagnostics Ltd V.VPT

Capital Requirements

[GrahamB]

"Since Q2 we have pursued several financing initiatives to support our growth and commercialization efforts. These initiatives are designed to leverage commitments from our team and insiders while avoiding unnecessary dilution. Despite these efforts and carefully managing expenses it is essential that the company secures sufficient capital to execute our plans. To that end we have engaged investment bankers to assist with securing capital, plus marketing groups to increase awareness of the company and investment opportunity. We have shared in the past that current capital markets are the most challenging that anyone can remember in recent history. There is a sense that this will change but Ventripoint has near term capital requirements which must be addressed to achieve its milestones and exploit its window of opportunity." 

I saw the news release quoted above mentioned several times that conferences and growth initiatives have been significantly reduced due to the issue of capital. That's smart given they only had very limited cash a few months ago, negative working capital in the millions, and for some reason they can't close the finqncing as we approach a year.
Hopefully the bankers will help and retail will buy into the LIFE financing
Will likely be some discussion of this critical issue on the teleconference

allimo
fwiw
dyodd
and of course, for fun
dont own this long or short now

[PlasticOno]

"dont own this long or short now" Now? You mean you covered your shorts already? How come your posting activity is strong when the stock is on a downmove?

[GrahamB]

Never shorted a stock-asymmetric risk. Long only, investor, unless I could do a quick trade that is high probability success. I guess you are a long/bagholder? Hope things turn around for you

[jopatclo]

 GranhamF. (the vulture Fud = surely a guy who was fired by George!) to conclude that this is a disgruntled guy with a 'bridge to burn' with VPT . Not sure of the circumstances but NOBODY spends this much time analyzing an emerging company such as VPT without some kind of 'skin in the game'. Unfortunately his skin in the game appears to be on the negative side. I think it'