News Focus
News Focus
Followers 0
Posts 3630
Boards Moderated 0
Alias Born 05/27/2005

Re: high C post# 16269

Saturday, 12/02/2006 12:34:38 PM

Saturday, December 02, 2006 12:34:38 PM

Post# of 45771
Let's use some common sense, highC/inet:

CDEx is BROKE - they are HOPING to raise up to $3-4M, which Griff stated is the anticipated burn rate for next year. CDEx CLAIMS they have all this revolutionary tech that is "backburnered" due to lack of funds (despite the 2006 spending having been $3M!).

Now Griffin says he anticipates using some of the $3-4M PIPE money for ACQUISITIONS.

Please explain using common sense why he would divert money from the backburnered revolutionary tech development (which has ALREADY consumed $25,000,000 post-LOCH) in favor of ACQUISITIONS that he lacks the infrastructure or technical knowledge to develop?

I will await your common sense explanation, Inet. I have one, butt I'll hold it until after you provide yours, so as not to steal your thunder.


Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today