Tuesday, November 20, 2018 8:15:56 PM
Rory stated in his video that he wasn't planning to release any news on the OTC. So option 2 doesn't sound like an option for Rory.
Option 4 would be to do an equity swap and merge with SC, not paying 25 million. Then we would be able to raise some money with reasonable terms to fund ongoing operations. The stock would certain respond well to this. However SC has no incentive to make that deal.
Option 5 would be to find an angel investor to help continue operations until the revs come. And shelve all other plans
Even CHuck Reddy, if he still owns 9 million shares would be reduced to 225k with a 40:1 split. Perhaps he already sold off enough to cover his original investmet. Who knows?
There really is no good answer here. While trying to sound upbeat, The video update painted a pretty grim picture. Rory pretty much stated he wasn't sure why people weren't signing up and that's what Gartner was helping with, and I'm not convinced he's figure out the right solution yet.
I think I'd rather see him raise OS to 250 mill and try to find an investor willing to take a risk.
Option 4 would be to do an equity swap and merge with SC, not paying 25 million. Then we would be able to raise some money with reasonable terms to fund ongoing operations. The stock would certain respond well to this. However SC has no incentive to make that deal.
Option 5 would be to find an angel investor to help continue operations until the revs come. And shelve all other plans
Even CHuck Reddy, if he still owns 9 million shares would be reduced to 225k with a 40:1 split. Perhaps he already sold off enough to cover his original investmet. Who knows?
There really is no good answer here. While trying to sound upbeat, The video update painted a pretty grim picture. Rory pretty much stated he wasn't sure why people weren't signing up and that's what Gartner was helping with, and I'm not convinced he's figure out the right solution yet.
I think I'd rather see him raise OS to 250 mill and try to find an investor willing to take a risk.
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