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The confirmation you received from Kaynes is huge!
I’m still in on 5Barz but there is a real credibility issue here. IMO this stock is not moving until they start shipping product and producing revenue.
I came here to post the same exact thing. The price seems to go down after every announcement in recent memory. It appears that 5Barz has ZERO credibility at this point.
I read it as they’re set up for product to go out but it hasn’t happened yet. I could be wrong though.
We’re still waiting on capital. Once money hits the account it’s off to the races!
Keep it coming!
IR’s contact information is still listed on the site so we at least know Alan is still working.
My major concern now is how much time has passed since some of these announcements. How long is Vodafone going to wait for 5Barz to live up to their end of the bargain? I can’t imagine them waiting around much longer.
At some 5Barz has to perform and start moving product. It’s very concerning to me that this hasn’t happened yet.
I agree with you on the end of year deadline. If something doesn't happen by then I don't think it will. Just kind of a gut feeling I have.
Favorable - I feel the same way but also a bit discouraged. How can we have all these positive things happen but still no financing? I really don’t get it!
That’s interesting to hear. What did Stamper say about the site?
Do we have any idea when this will be finalized? We know they've been working on it for awhile now since Rig Pig was called in June.
I wonder how much had to due with not agreeing to terms? Nowadays if you're getting money from somebody they likely want a lot in return. May be a good thing it didn't work out with Axis.
How did the Axis deal fall apart? Do you have details?
Hopefully that news is around the corner.
Jason69-Completely agree with you here. I think there's a fatigue factor going on here. I think we need a more constant stream of news coming out before we see a real bump in price. That being said I'm still really excited about the news today!
Answer from who? Who did you reach out to for confirmation? When did you make contact?
Haven't you been down this road before of telling someone to prove that Gil was no longer with the company?(Post 1568) You seem to have a history of requesting complete strangers to prove something to you. Why don't YOU prove to us that Gil is no longer with 5Barz.
I think he's still involved but I can understand your doubts. I think everyone is frustrated with how little we've been told the past few months. Correct me if I'm wrong but I think there's only been 2 announcements in 2017 and the last one coming out 6 months ago. That's not acceptable.
There's nothing for him to talk about. Everything's on hold until they get financing. Why it's taking so long to get financing is beyond me but nothing is happening until that happens.
Positive thoughts....Positive thoughts.....Positve thoughts
Ha - I experience the same thing Rogue. Some days I think this a sure thing and some I wonder if I'm just wasting time and money. Unfortunately I'm experiencing the latter right now. I don't like the pattern of good news followed by absolutely nothing. Really hope there's something good for us around the corner. I truly feel we're at a pivotal point. This is going to happen soon or it will die off.
I asked around a bit and was told one of the main reasons why a company listed on the OTC might look into getting listed on the TSX is simply for the marketing push. I was told brokerage houses can not promote OTC stocks to their clients here in the states but they can in Canada. If and when 5Barz gets listed on the TSX Canadian brokers will be able to reach out to ALL their clients promoting this new up and coming company 5Barz! All that free promotion going on up north will hopefully seep down to the states and get investors buying down here.
This was all told to me by a couple buddies of mine who work for big brokerage houses here in the states. They said there are a number of reasons why a company would list on multiple exchanges but this is probably the main reason.
Seems pretty straightforward. Can't tell exact timeframe but it seems like it shouldn't take to long.
Zerosum - I hope that is true! Does anyone have any idea how long it takes to get listed on the TSX? What kind of timeframe are we looking at here?
I don't think anyone is currently getting paid. Everything is on hold until financing happens.
Quick question. We all know financing is the missing piece and they're hopefully getting that figured out now. My question is how long do we have until this starts to collapse on itself? I can't imagine any of these guys are collecting paychecks so when do they give up and start looking at other opportunities?
One more quick point. I have limited experience with raising capital but I have done it in the past. In my experience the longer this goes on the harder it will be to raise the necessary money to get this moving forward. I don't think we're at a crisis point yet but I would be a lot more comfortable if it got this wrapped up sooner rather than later.
As I See It-great feedback. Were you able to discuss financing or anything else with IR? It would be nice to get a status update from someone in the "know".
Ok-good to hear.
We're not 4/5G compatible. Until we upgrade we won't even be considered by some of these groups.
I thought I had heard the conversion to 4/5G in India was not in the foreseeable future. Guess I heard wrong.
Is this our main competition?
Only good things should come from listing on the TSX. It would be nice to know the time frame on that.
Rig Pig-any chance we can get you to reach out to Danny and get a status update? Is that offer still on the table?
If I had to guess I would say one of the major reasons for the delay in financing is waiting on the right match and getting terms they're looking for. I'm starting to wonder if Axis actually did bring some money to the table and whoever is making the decisions didn't think it was worth it. It would make since why they're now just looking for bridge loans to hold them over until they start producing revenue.
Thoughts?
That's interesting. Have you talked to them since? From your previous post it sounded like you weren't to interested. Might be worth getting on a call with Dan Bland to get a status update.
Operating capital. The deal with Kaynes only takes care of the manufacturing of the product. They still need to raise money for the day to day. They currently have NO money. They can't even file K's and Q's.
That's a good question. I'm not sure. Let me do a little research on that.
The companies I know that've done it in the past stay listed on both TSX and OTC.
This should be a good thing. It will get the Canadian brockers promoting 5Barz to their clients, get more eyeballs on the stock and hopefully create a buzz.
Rig Pig- I did not get a phone call but I spoke to someone who did and was told Barz is also getting listed in Canada. Hopefully this will lead to more buzz around 5barz?!?!
I like the volume!
Have faith buddy. I still feel something big is about to be announced in the next 7-10 days.