Hey guys - going from an R&D company to full production is a pretty intensive process. Add in new funding, production deals, staffing issues, facility upgrade and move etc. and you get many, many opportunities for miscues.
Right now we don't really know what the problem is. What we do know is that either a 10K or an NT must be filed on Monday. The only way this would not be true is if the issue is with the SEC. Waiting a little longer will not change the underlying value of the company. It may impact pps short term but only for the short term.
I know many, myself included, believe strongly that the company needs more staffing and certainly needs someone on the ground in Vegas handling day to day activities. However, the company may be in that awkward stage where they need the staffing but the funds are not yet available. We don't know what kind of funding they are getting but it may not be available until ALL the proper filings are done. The 10K was not just important for stock holders. The company needs the report done in order to take the next step on a lot of issues.
This is a highly intensive, sensitive and difficult transition. I AM CERTAIN that the company is more concerned about the 10K then we are as shareholders. Everything they have planned is contingent on it. You can be certain that they will determine what the problem is and address it.
All start-ups have miscues, disappointments and learning opportunities. It comes with the territory. I am fully confident that these guys will get it corrected. If it impacts pps for the next week or two use it as a buying opportunity. Worse case is management never puts everything together and they accept one of the acquisition or merger offers. Either way the early shareholders will do well.
Straighten your underwear out, get a cup of coffee or a beer and relax. This thing will rock despite the bumps in the road along the way.
FWIW and IMO :)
AI
