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Re: lmcat post# 17579

Thursday, 09/06/2012 3:53:23 PM

Thursday, September 06, 2012 3:53:23 PM

Post# of 62039
That is pure speculation and wishful thinking. That up to $10 million, a conservative estimate that fails to account for all costs of running SIRG between now and first revenues which could be as late as 2014, has to come from somewhere and it won't be gift-wrapped. To presume so would be naive.

SIRG is going to need a huge influx of cash between now and 2014. It's only going to come from one place....convertibles. There is no other realistic option.

As longs, our best hope is that the s/p goes way higher in the interim so the dilution is minimized.

It's lovely that Rod has a business plan. I would hope so. I would also hope it's a realistic one. If it is, it will rely heavily on convertibles to get us from here to revenues in 2014. Count on it.

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