Tuesday, May 18, 2010 11:56:06 AM
No where in any of my posts did I say anything about advocating that NNLX allocate funds right now to uplisting. Go back and read them again! What I wrote & what I sense from others who have talked to Bret is perhaps a shift in his thinking about the priority to upgrade to a bigger exchange.
- Previously . .. he said that " cost is at least $300k & right now our focus & resources are on getting production going & revenues coming in. Once we accomplish that we will focus on getting off the pinks." Now it seems like from what others have said - he may be saying "we are focusing on getting production off the ground and I don't see any big deal if we don't ever become transparent or uplisted to another exchange."
IMO - this is a very big deal . . .. I don't ever want the CEO of I company I invest in to be making that kind of statement. His message should as it was before. "Our priorities are production & revenues first - followed closely by tranparency and an uplisting." If the product takes off this year and we are sitting here with $10-$20 mil in the bank by year end - I don't think there is any better use of $300k of that money than to do what's necessary to become SOX compliant and get upgraded to a bigger exchange. If not we are not even on the radar for 98% of people investing and Bret & Co. are not doing what they should to maximize SH value. All IMO
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