"Also, CYGX is a small company to this day, with problems getting financing, but does that qualify them to still be called a "start-up" company after 10 years in business?"
arnold, NO! This co is not a start-up anymore. The inability of management to raise funds in a reasonable way does not make a comapny a start-up all the time. Instead, it is a poor co, because of reasons that are very obvious which I do not want to get into.
This co has been diluting shareholders equity for years by undermining itself and us with its dealings with shylock accrued investors when there are venues out there open for them to explore. There are perfectly legal possibilities for raising funds without their usual method of selling shares at ridiculous discount, yet they are not even willing to explore it. It is just as legal to sell shares to REAL ANGEL investors which can be other organizations instead of individuals as it is legal to sell shares to the shylock accrued investors, but they do not care for those types of investors. I can tell you for a fact that there are organizations out there than can help this co if this management gets off its behind and hassles like DRCAL noted. They sit around and wonder why nobody is coming knocking on their door. It won't happen, because this co still does not have the goods yet to sell itself. Their mistaken stance for a highly cash strapped co amazes me. Sometimes, I really don't believe it. Sooner or later the shylocks will be asking to buy shares at 75% discount and you know what? They will have to do it, because they do not have any other alternative, may be a toxic convertible CD and that will be like the final blow to their ego.
I know most of you may not believe it, but it is very difficult to get real angel investors these days let alone sitting around and doing nothing hoping they will come knocking on their door. I can tell you for a fact it won't happen. If it was easy, Jesup & Lamont will have produced them by now. They better get off their behind and hassle before harsh realty knock them off their high horses and by then there will be no real real angel investors out there, but some shylock with a nice toxic CD, LOL!
AI
