You have a point in that the company has to have a plan. We have not yet seen any credible plan, except from the incompetent Mooney who destroyed the company.
However, you are wrong in that Platinum plan does not call for giving away half the company. If the company is taken as it is, it is worth zero since it has no income. What we would be giving away is a portion of the future profit. Mooney has done that numerous times, every time financing was raised through share sales. So the Platinum plan does not call for anything that is not in the plan.
Do you seriously think that the company can commercialize Symphony with current level of cash? More money needs to be raised no matter what. It can be raised through equity sales whether it is through Platinum plan or Mooney plan does not matter. Mooney plan has resulted is decimation of shareholder value.
In my opinion the best option to raise cash would have been sale of Symphony rights to some part of the world. The Platinum plan is more or less that - for selling rights in China. Better to sell rights in part of potential territory than to raise cash at such depressed levels. The worst would be to liquidate the company which is what has been happening for last one year.
In the absence of a better plan I fully support Platinum plan. Let us not talk in the air, if somebody has a better plan let us hear it. What is our highly paid leadership doing?
Seeker
AI
