I think I know...
with the greatest respect potts, I think that it is a case of either you misheard or misunderstood, or that the rep referred to was speaking about 5,000 units of MKR in a different context. Others I know have had discussions with the smme rep and no such figures were mentioned; in fact that person was very cautious and refused to comment about the numbers of MKR offloaded in the limited release. I don't wish to appear dogmatic, but perhaps in light of the below information it may well be best that we all leave this one alone...
That does not mean I know anything you lot don't, or that I'm not frustrated as well. I'm just showing my calmer, more rational side.
I think... and perhaps the wiser or better informed among you can correct me if I'm wrong, or confirm if I'm right....
1. IF there is a capital raising being currently undertaken it is not prudent, nor permitted under SEC guidelines, for the company to announce information such as how many units of this or that were sold and at what price, as it MAY be seen as improperly influencing future investors to get into a good thing, thus influencing share price and market moves. Would that be called 'collusion' or something else? Maybe this is what is going on or not going on as far as revenue announcements is concerned. And let's not forget smme is being carefully scrutinised by legal opponents as well as what SEC might be looking at.
Also,
2. IF there is a capital raising being currently undertaken we should be mindful of slow process in some respects. That is, it might be difficult to raise capital in the US at this time because of a 'quiet period' (is that what its called?). I refer to a SEC enforced period where a company is not permitted to raise capital within a given period since its last capital raising there. IF I am right, capital may be obtained elsewhere but the US fund managers etc can only come on board when that quiet period expires - hopefully very soon.
I look forward to a reasonable amount of funds coming into smme coffers soon so that MKR (at least for now, prior to the cards) production can kick off in reasonable numbers, and maybe even get some shipped over here to offload in quick time. Strangely - nobody living in Melbourne has taken the opportunity to visit the only person in country with a real live MKR to have a play with it. Why not? Then you can post that you've seen it and whether or not you like it.
best PPS
