I have a few very serious questions for you ThomCa or anyone else:
First, why is Provision pursuing a multi-retailer approach, which is costly, when they have no real working capital? Why don't they try and deploy successfully in one place, build shareholder confidence with their success, and then raise financing at much higher stock price--which should result is little dilution of existing shares? It seems they are instead doing the opposite: Pursue everything under the sun, go into deep debt in order to do so, slow the actual deployments down because they are so financially weak, and run the risk of massive dilution because of a very low stock price that is reflective of the lack of any real concrete results.
There may be a very good reason why they are taking the current approach. I'd just like to know what it is.
Second, what is the situation with regard to floorless convertibles? I could only tell that some of the convertibles were at a 30% discount to market--which qualifies it as typical death-spiral convertible debt financing. I don't know who we have the larger convertibles with or the terms, but I do know that floorless convertibles can kill a stock through massive dilution brought about by shorting. Do you or anyone else here have some background on the larger convertible financing to show that they are not floorless?
Lastly, I am able to find the IHUB info regarding revenues/retailers and through a google search could see that it appears to be on the Provision website somewhere, but I am not able to find it when I go directly to Provision's website. Can someone here show me how to navigate to the site? I don't want the link (I have it). I want to see where it is at on the website. From what I can see there is almost nothing on the Investor Relations page..
ted
AI
