When an industry consolidating company like POSC presents itself at a "first ever" international seminar, then there are going to be a variety of outcomes. From sourcing enquiries, to competitive threats, to offers of partnerships.
The point being that most companies would (after such an event) return to the US and have their PR people issue a statement of events occurring at the seminar. Even if it was to simply say that we went, we spoke, we were widely accepted and, as such, we justified this expense.
Instead, nothing. It is the absence of commentary that I find curious. It's as if they were so excited about the outcome that they forgot to placate the shareholders.
Then, a few weeks later the two top dogs are injecting $1.6 m in convertible debentures. The convertible debenture is nothing more than a convenient way of obtaining additional share options without having to attract too much attention.
And again, absolutely zero communications as to the purpose of these funds. Again, they seem to be so exited about what they are doing, that they forgot about the shareholders.
I for one, as a shareholder, am curious as to why we need to borrow funds. Given that the this company is where it is, it certainly needs funds, but it is too curious for me that the two top dogs did what they did, the way they have done it.
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