RE:RE:RE:RE:RE:Spectra7 Announces $15 Million Bought Deal Financing
Good post Poker and after first blurting out a few 4 letter words, i composed myself, took a few deep breaths, replayed the 4th quarter of the Pats vs Dolphins Monday night game (big Fin's fan) and then changed my conclusion wrt this latest financing. I would sum it up as follows:
- It was inevitable and necessary
- They decided to go big and have this as the last finance raise, as they expect this to sufficiently get them over the hump and into break even.
- The big message (imho) is that it now frees them up to go after multiple applications, Raulf alluded to this in the last investor conference presentation. Someone asked if financing was not a constraint for growth, could they grow a lot faster, and Raulf, while trying to contain himself, very enthusiastically conveyed that they could go in many different directions/markets with their disruptive, highly differentiated IP, and i took that to mean that if capital was available they could pursue (without formidable competition) very exposive markets (the markets Tony was always VERY excited about, i.e., Flat Screen connectivity, Drones, USB Type C (that was touted in 2016 S7 presentations as a Humongous (paraphrasing :) ) market, with exposive growth! and there were a couple more markets we were pursuing back in the Tony Stellega (may he rest in Peace) Era before having to pare down our product portfolio to 3 core offerings (AR, /VR HMD's connectivity, Data Center (ACC) connectivity- in order to conserve capital and service the core product markets on a very tight budget.
- Oh, and lest i forget to mention , Raulf hinted more than once that the plan was to uplist on NSDQ and have around 45M-50M shares Outstanding, this would mean a 4 to 1 reverse split (when the stock climbs to $1, and i would assume that would be in the Q2/Q3 timeframe, when DCC's ACC product is humming and significantly contributing to revenues AND the AR/VR products are contributing $3M - $5M per quarter..... So when you thing about it, with the pending reverse split, not a big difference if we now have 160M Shares outstanding OR 200M Shares Outstanding.... it would resolve/split adjust to 40M or 50M which is insignificant at that point.......
And that my long friends is when the trajectory takes off and our patience is rewarded.....
This is how i see it unfolding.... based on very close review/scrutiny of the CEO's comments in the investor presentations.
GLTA-
NCT
