GeneSYS ID Inc fka GNID

[SecurityScientist]

I wish RXSF well and hope it is able to shake off the toxic lenders. The issues RX is having to deal with reveal a much bigger problem for small and micro cap companies in the USA. Predatory company lenders have seem to have spread like the plague and have infected so many micro and small caps.

I've always believed it was an act of commercial suicide for a company absent of sales revenue to take on debt. I feel so strongly about it I think it should be illegal. Much like other types of predatory lending to induviduals are illegal.

A mixture of over zealous regulation for brokers that once specialized in raising equity capital for micro caps causing most such brokers to abandon this sector along with the parasitic mostly unregulated toxic lenders has caused a starvation of legitimate risk capital for microcaps.

This is a very serious issue that goes way beyond the awful situation individual micro caps find themselves in.

I feel for RXSF because they do have a product that meets a need in the market. Sure Monday morning quarterbacks can come up with this and that decision that could have been done differently. But I do think most company Directors are hard working and do really try to get their respective businesses off the ground. But so much comes back to financing. No funding sends pretty revenue companies under. Bad debt funding pre-revenue also cripples companies but causes death from toxic funds to taj ed a little longer.

Some companies and I mean only very few are able to bootstrap themselves into revenue where they can shake off the toxic lenders. But it is always so much better for a company not to get involved at all with these lenders. Much like taking money from the mafia. You almost always know that it isn't going to end well.

I wish RXSF well. I take no pleasure in seeing their sp being hit. I hope they are able to shake off the note holders and truly move forward with their uplist round. They have a product that serves an important public service.

For me I'm involved in another microcap. It has been amazingly fortunate to be able to fund itself from direct equity investment without having to take on debt. It too has an amazing product that has taken a great deal of R&D and is now at an important turning point.

For the good shareholders of RXSF I wish you all much success.