Saturday, January 22, 2022 4:21:52 PM
No, he did not say that.
It was during the Q/A and some gentleman asked about a buyout. Kim went on about how he was concerned that Bolt might attempt a hostile take over when the share price was around 2 or 3 cents. At the time Kim says that Bolt was sitting on something like $200 million from VC's. Then he said that once the share price was higher, he no longer worried about that. He said he was most worried that he would get a buyout offer that he would be "pressured" into accepting.
Also, he went on to mention that at least twice in the past they were entertaining the possibility of being bought. He said nothing came of it and he was happy for that.
He wanted to go into some story about some large company, but then thought twice and stopped his thought because he said that things were still in the works. Whatever that means.
He finished by saying how he was an entrepreneur and he wanted to work on 2 year projects, not 15 year. And how he wanted to pass some of the stressful work on to Jon. There was laughter and then he gave Jon some praises and moved on to the next question.
His short answer was, "I don’t see it".
But that was a long time ago and things are very different now. IMHO, if he gets a very, very lucrative offer, I hope he considers it unless he has some assurances that he can seriously take this company to the next level and compete with the big guys. If so, ride this thing to the moon!
I should say that the person stating the question did phrase it as "at this point". I assume Kim answered as such, so things could change.
It was during the Q/A and some gentleman asked about a buyout. Kim went on about how he was concerned that Bolt might attempt a hostile take over when the share price was around 2 or 3 cents. At the time Kim says that Bolt was sitting on something like $200 million from VC's. Then he said that once the share price was higher, he no longer worried about that. He said he was most worried that he would get a buyout offer that he would be "pressured" into accepting.
Also, he went on to mention that at least twice in the past they were entertaining the possibility of being bought. He said nothing came of it and he was happy for that.
He wanted to go into some story about some large company, but then thought twice and stopped his thought because he said that things were still in the works. Whatever that means.
He finished by saying how he was an entrepreneur and he wanted to work on 2 year projects, not 15 year. And how he wanted to pass some of the stressful work on to Jon. There was laughter and then he gave Jon some praises and moved on to the next question.
His short answer was, "I don’t see it".
But that was a long time ago and things are very different now. IMHO, if he gets a very, very lucrative offer, I hope he considers it unless he has some assurances that he can seriously take this company to the next level and compete with the big guys. If so, ride this thing to the moon!
I should say that the person stating the question did phrase it as "at this point". I assume Kim answered as such, so things could change.
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