Post by
dmacd on Oct 04, 2018 7:44pm
Great Potential
Love the teck. Love the investor presentation. Still some risk or I would load up more. At least the management explained the path to cashflow positive.
Comment by
dmacd on Nov 13, 2018 5:51pm
The market must believe the company will need to raise more capital. No more exclusive deals without an up front fee at this point. Cash equals survival for a company that is addicted to raising capital. This is a failed strategy in a fine market.
Comment by
dmacd on Nov 15, 2018 4:01pm
Yep. Massive dilution with major haircut on SP. Distribution agreement revenue pushed out to 2020 per conf call. Prospectus says 44m x $.68/sh with double warrants. Not stated if the SP is firm so could be lower still based on some other recent financings. Currently have 2 qtr burn rate and this will roughly add 2 or 3 qtrs. Lots of hope that management will deliver results.
Comment by
dmacd on Nov 16, 2018 12:21pm
WTG. 75m x .48/ sh. Surely the new distributors would have considered an equity position for better than this awful deal for shsreholdrs FIRE the CFO or President or I am OUT. Giving away exclusive rights. No terms announced on these deals. Spending money like drunken sailors. Heads need to roll.