So heres my take on it all ...
If I'm Peter, clearly I need capital, to hire, grow, become appealing for other partnerships etc ..
Now thats not going to come from internal business as it stands, A) cause we would have already done it, and B) because I have shareholders, so not only am I concerned with the burn rate of the company, but also and likely more importantly outward appearances, shareholder interest etc ..
Which all just means I need capital/financing.
How do we do that, well we write a well put together business plan, one thats conservative and actionable, then I lean on large groups that understand this space, while a publicly traded company, really what were talking about is seed financing, someone thats willing to give me say a few M. Let us get our feel wet and build from there. Part of that I want to put to work, building infrastructure, Co. etc .. the other part of that I agree, at these prices I want to buy stock back. Why, because I want to keep my investors happy, but more importantly, I want to keep my new financier happy, essentially in no certain terms guaranteeing there ROI with there own capital.
What does that mean for the average person that owns PVEC .. well lots
1) chill the **** out, you knew what you bought when you bought it, hang in there, learn to control your emotions, and be patient. Clearly PVEC has limited resources, (granted, I’ve been a part of numerous start-ups, so I get that unknown) were not talking about IBM here, things take time, clearly certs took longer than we would have liked to get them (and yes I have had them for months) but they are also working hard to send them out .. why do that if you intend to close up shop tomorrow. Regardless of your opinion not the ticker you can’t discount Peter willingness to push forward, the resilience.
2) when our “option” period comes due, there may or may not be the cash to pay everyone .. clearly the easiest way to negotiate that transaction will be for investors as a whole choose to opt for common shares (at or above .2) theres no point in raising a huge fuss .. Investors will then be in the drivers seat, with the power kill the company, if Peter has his plan together and the company simply needs a few more months to pull something meaningful together we have to give him an opportunity to do so.
Why sit on the form, complain about a few hundred dollars you might be down, we can all read the L2 .. lets all choose to be a bit more positive, clearly the company has limited resources, at this point were invested in Peter .. lets have his back and support him, thats our best bet of getting the ROI were all dreaming about.
(excuse grammar and spelling, on a conference call, pounding my thoughts out quick)
