Another set-up question. I'll handle this. I think that this experienced management team has already proven that it acts responsibly and that any raise will be done that is in the company AND its shareholders bests interests. Doesn't matter what the stock price is, or the pricing of the deal, especially if it will start trading on the NASDAQ via an S1 in connection with the raise. Thats my guess. Now in a better world, whatever the level of the raise, we don't know how it will be structured. We do know that once completed, a check is being written to take out all of the convertible debt and that stupid talking point will be history. According to their projections, a capital raise of $10M gets them to $100M in revenues in about 3 years. Their first contract is $500K for one of its consumer products so I think they have already proven the point to its bankers that its products address multi-BILLION dollar problems domestically and in healthcare environments and people and healthcare systems are willing to pay for them. ........... any banker worth its salt can see how thin the float and trading has been here and will use other metrics to value this deal, not the PPS. I am MORE than comfortable with a management team that has made over 30 biometric WORKING products that produced millions in revenues in the past, and those were luxury items, not even dressing the rampant controlled substance diversion market. Our CEO has a proven track record of getting things done, thats her history, and she has been able to do that here with less than a $1M over a few years and has several working products, some of which are already creating revenues. So lets sit back and be entertained by ridiculous speculation when we have history, proven leadership and working products driving real revenues, and they are only getting started
And TRADEALLDAY - the short report is right, and proves the POINT - you were sold ELECTRONIC SHARES that they now have to go to the bid and cover!. The short report only reports on trades that are NOT in the MM's accounts and they have to cover. Thats the whole point of the short report.
