SiNtx Technologies Inc (SINT)

[joev2]

Not a fan of Anson and his ilk in the least, but it certainly makes sense to short a continual bumbler like this. The only thing Sint has been successful at is maintaining salaries and a bonus for the elite. I wonder if Eric will get a nice sign-on bonus and a guaranteed severance just for showing up? As always, let us not forget these highlights from their 10Q, either:

To date, the Company’s operations have been principally financed from proceeds from the issuance of preferred and common stock and, to a lesser extent, cash generated from product sales. It is anticipated that the Company will continue to generate operating losses and use cash in operations. The Company’s continuation as a going concern is dependent upon its ability to increase sales, and/or raise additional funds through the capital markets. Whether and when the Company can attain profitability and positive cash flows from operations or obtain additional financing is uncertain.

We are actively seeking opportunities to raise additional capital. However, there can be no guarantee that we will be able to obtain such financing on terms favorable to us or at all.

And folks, let us be clear (lest there be the usual accusations of distortion thrown this way), although funds can be raised through sales, the company itself emphasises, they are "actively seeking opportunities to raise additional capital....through financing"....meaning THAT'S their top priority STILL for getting cash, not sales. Sad it's not the other way around, but what can we expect from Sint anyway, given its grand history?