It looks like the CEO and her board are working very hard to make sure the company secures the right investment banker that will help raise the right kind of money for this company to grow. It starts with the banker, ... then comes the money. According to the CEO, she has held meeting in SF and NY and may now have narrowed down the companies choices. She may have already chosen one. We don't know. Whats the sense of hiring a banker who doesn't have the right track record, with the right investors, to meet the companies future objectives? Everyone wants things done yesterday, but she is facing a long grueling process. The choice of banker the company eventually chooses will show us where the company is headed because we could look at the types of deals they have done, and get a better understanding. I am also guessing that the level of banker they are dealing with does not want the typical OTC pumping, i.e.: press releases, IR campaigns, etc........ because it would tarnish both the banker and its efforts with its own investors, quite possibly, the ones that will put in millions of dollars. The CEO said she is looking for a NASDAQ or NYSE level banker, so she has her work cut out for her to attract and secure the right one. Its hard enough that this is a pre-revenue company on the OTC. She deserves a lot more credit than she gets.
It looks to me the CEO is approaching this correctly - no legit NASDAQ or NYSE level banker will deal with an OTC company, not on a national market level in most instances anyway. You can tare down the data, tear apart her decisions, focus on daily metrics, look for white-candletips, whatever, but at the end of the day she has a vision and a goal that she has shared with us and the markets, and I see she is trying very hard to overcome obstacles for our benefits to get us all there.
