Followers | 3 |
Posts | 194 |
Boards Moderated | 0 |
Alias Born | 03/11/2013 |
Thursday, April 23, 2015 12:31:42 AM
No, we can't start production now as we have no cash to make cards and we have no customers to buy them.
Even if I gave the Company $100m today we would still not be in a position to make cards as we have no orders. Production of a card involves making the card for the specific customer with their particular logo laminated onto the card. Whose logo would you suggest we laminate? No one makes up a million cards or any other bespoke product without a specific order for the item.
What is occurring at this time is getting customers. Whether this is by showing them the video that is being spoken about or by using a card from the limited run that they are currently raising funds for.
Once you have an order raising the capital to do a run of 500k or 1m cards will be easy. Walk into a bank and say I have a factory, I have an order of 500k cards from Visa/Master or whoever and the cards will cost 10.00 to produce and sell for 20.00 and they will bend over backwards to lend you money.
Getting a loan will be all the easier as the simple fact of a signed contract will lift the share price significantly.
For what it's worth I too am annoyed about the way that things have gone to date. But show a little common sense folks. We all knew it was a startup company, we all knew it was new tech and we all invested as much as we did because we wanted a dividend.
If you seriously think it's going to tank then logically you should sell your shares and be out now while they are still worth five cents. If you think it's going to happen then sit and buy more while they are cheap. If in doubt weigh the potential profit versus the loss of the final five cents if it does tank.
Either way don't bleat as all it does is further reduce confidence. The only ones who make money out of "the sky is falling attitude" are people who are supporting other firms or who have shorted the company.
I'm still here because I am still optimistic and I have a lot invested and believe it will still be an earner.
OBP
Recent SMME News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/21/2024 06:41:03 PM
- Credit Card to Prevent Fraudulent Activities • AllPennyStocks.com • 12/21/2023 08:00:00 PM
- Credit Card to Prevent Fraudelent Activities • AllPennyStocks.com • 12/21/2023 08:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 08:30:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/07/2023 11:00:48 AM
- Form 253G1 - • Edgar (US Regulatory) • 11/06/2023 04:10:16 PM
- Form QUALIF - Notice of Qualification [Regulation A] • Edgar (US Regulatory) • 11/06/2023 05:15:06 AM
- Form 1-A POS - • Edgar (US Regulatory) • 10/20/2023 07:26:28 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 10/19/2023 08:20:09 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 10/18/2023 09:26:13 PM
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 10/16/2023 10:00:11 AM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 10/13/2023 08:58:03 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 09/27/2023 07:27:47 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 09/26/2023 11:39:30 AM
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM