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I have a family member who agrees that the details of the license purchase are a big deal.
I think they will, too.
And...news of contracts in October would be better still...
October is not far away. Hope you're right.
I understand your point -
My interest remains elsewhere, however.
Contracts.
Contracts.
....
I don't have any problem believing the contract is real. Assume it's a fact.
Am interested in hearing about contracts and how big they are.
That's Monday October 7th. So that means the report would have to show up by Friday the 4th.
Not sure how detailed that report needs to be though. May be just the basics and not tell us meaningful stuff -
like contracts and size of contracts.
I did a light search of my own and found basically the same thing.
But if we can find it with a brief search on the internet, I can't help but think they are aware of the same thing. Assuming they are, they must have an angle on this we can't see yet.
Only other option, they are as blind as you infer. Don't think so.
Am following the cnsx, too. No change there, except a .75 offer was taken out a few days ago, leaving a .25 offer only. Looks as quiet there as here. Nobody's excited yet.
Google this news and you will find it all over the place - WSJ, Wave3, Yahoo finance, fox, mgmbrakes, and scores of other outlets. It must have hit some mass news outlet source - like I have never seen for DPLY before.
If this is not just good news marketing, it could point to something with wide appeal.
Monday the 9th is the fifth trading day - so a report before then from the company. Your analysis may prove out to be true.
I have no idea what someone might be thinking on that score. I always hope someone knows something and they are getting ready!!!
Somebody took an offer out.
Canadian exchange - no change.
It's happened before - but at a higher price!
It looks like they're stuck - given what we can see - a product that has been ready for 6 month and no sales yet.
That remains a mystery which we can only speculate about.
Does 6 months portend the future? Hard not to start thinking that way.
I did read that, too.
Sitting out here just trying to piece it together, it does sound like they are in a box.
They need money for sales.
PP doesn't seem to be a route.
Dilution doesn't seem to be an option.
So they may be on hold because there is no way to raise money - without selling the product.
And they need money to sell the product.
Could explain no sales.
They could run the stock and then really dilute the float.
Looking for money they're not finding.
I'm taking PP off the table becasue it looks like it's not working. I don't see any money being raised that way - for quite a while.
Since they seemed to be strapped for cash, it seems unlikely they are raising a lot of cash through private placements. I think we have to leave that one off the table. They can't both be strapped for cash and milking private placement people.
Need for cash may be the stumbling block. A possibility.
The product - the best thing since sliced bread? Looks pretty good when you study it. But no one's paying money for it yet.
I think you are both reading the July update the same way. They are saying they need to raise money in order to make sales.
I don't get it, but I think that's what the statement there says.
Still think it's a demand or price problem or it wouldn't be that hard to sell.
I'm having a hard time seeing the need for a business plan before they can do sales. They went through all this trouble to make the product so they must have had some idea what the target market was. There shouldn't be a need for a business plan to talk to those companies.
Maybe money is the problem. Maybe they can't manufacture without money. Maybe they can't hire sales staff or support staff without money. Maybe money is the hold-up. I can see that as a possibility.
But I keep coming back to demand and price. If there were demand and the price were right, there would be sales.
They need a business plan first. What is first? Raising money, or selling it?
That is - they are not selling it - is it because they don't have a business plan or because they don't have money?
It looks like their message is - they need to raise money before they can sell it.
Here it is. You're not far off.
http://www.cnsx.ca/Storage/1559/143691_CNSX_Form_7_-_Monthly_Progress_Report_July_2013_Filed.pdf
Has to be before the 5th trading day of the month - which I think is Wednesday.
Has to be before the 5th trading day of the month - which I think is Wednesday.
I think you're right - there are no sales. Else they would have reported them.
But it's a big step from recognizing there are no sales to say there is no sales effort.
I appreciate your answer - that you think they are not doing anything about sales.
I'm not sure how this answers my question except to say you think they are not trying to sell them. That's how I read your answer.
Samples, I'm intersted in your thought that they have not been as aggressive in the sales end - at least, in your view, as they have been in raising money through private placements.
How is it that you see, or think, they have not been aggressive in the sales end? Is it an assumption you are going on because there are no sales so far? Or is there something you know about what they are actually doing that you think they could do differently?
Good to know the market is there.
What about the price? What did your company pay for them?
I agree David has a lot invested in this - not just money, but lots and lots of time, and plenty of pride. I have not doubt he's giving it his all.
Maybe he could respond to a call for an update. He does have to be careful about what he says, so the information that would be most helpful to investors he might not be able to talk about. Like sales!
Continuing issue here, as I see it - why no sales yet. When something doesn't sell, there's either no demand or the price is too high.
Is this a very interesting device that market doesn't need? Or is it priced too high? Or does a sales force need to be trained?
It's been a while since the product has been ready. Must be a hard sell.
Again!
Just letting you know I'm watching!
'Growing possibility it will never happen.' I must say those thoughts have passed through my mind as well.
You're right again. Sales size will matter to stock price. It will have to be more than 2 or 3 to get peoples' attention, of course.
Can't argue with anything you've written here. I think most of us expected a return long before now - and I think the company did in the beginning.
It is hard to hold interest that long, especially for investors who got in thinking the returns were going to be soon. After a while people do stop hoping or watching.
Fortunately for me, most people stopped listening to me about penny stocks when I got into this one, so I've only gotten a couple of people in who are also waiting.
I agree, no trading is going to happen here until there is news of sales, which is why I said could post 'no volume' again tomorrow.
On the other matter of the sale of a million shares at $1.00 - that is the first I've heard of that. I actually like that - $1.00 sounds pretty good to me right now. If a large share holder is expecting that, it buoys me a bit.
So we'll sit here and keep waiting for news. Hope it's about sales.
Probably can put same message up for tomorrow, too!