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Re: XenaLives post# 10745

Monday, 06/10/2019 9:45:25 AM

Monday, June 10, 2019 9:45:25 AM

Post# of 60551
That is not described anywhere publicly for us to be able to convey to you. However, the CEO has never been able to effectively establish financing that allows the company to achieve their goals without distraction a financial distress or impairment. His vision and business method has been looking at the long-term only and not immediate financial needs. Financial Outlook is awesome if they had enough money to get there without distraction. His plan was to do another offering to raise that money which was shot down in the proxy and I knew was going to cause problems so I voted for. Because I knew without it this is where we would be. But I have enough faith in the technology and karma that I just continued to accumulate. I believe Huron was brought in to make it easier to get rid of mr. Bottone and help them establish the most effective way to achieve profitability. The company was on track to be profitable from generation alone by summer of next year. However that was with enough cash to be able to get there.
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