Immie, it sure is. This is why I waited till they
confirmed they knew their corporate responsibilities! Eric Montandon finally replied this morning.
But as I said yesterday, the issuing of shares - especially such a large amount tends to be the thing you do at the end of the process.
Mr Montandon did say they are still doing their due diligence, but I think they were just being careful as they don't know me.
I think the response that Moxy got yesterday, was a more accurate picture of where we are in relation to finalising the merger.
Ah - just remmebered ... he also said as follows:
"Yes, our big losses and write downs are behind us, and we have business that should give us cash flow in the future.
I am not CEO, I am a director. Tom Morgan is CEO and will remain after the merger takes place, if it does take place."
That was what made me very happy to read. (Smiles). I noticed that the losses were also heading in the right direction in the 10K. Greatly reduced. Also, as has already been said - they have been busy pitching for various contracts. It cannot be underestimated how much work goes into each pitch. For each, they will have to work on costings, learn the specifics of, and the exact nature of the contract/project that they are bidding for.
That amount of work is no joke. Having done some simple project management work myself, once you work out your costings, the hardest thing is convincing the other party that your pitch is the best value for money one.
