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Re: razorback74 post# 18513

Wednesday, 01/29/2014 1:01:28 PM

Wednesday, January 29, 2014 1:01:28 PM

Post# of 43082
It had to be done during the DTC chill.Toxics are the only option in some instances and the Chill puts the Chill on most institutional lending.The company had to have money to keep operating,nothinsg free, and thats was obvious to me it was nessasary to keep operations going also Hakki, George and others had to be paid.No one works for free.We cant lose him or George ,i think we all know that.3Dicon i dont believe could keep up with the compannies burn rate and needed additional capital to continue.With no positive cash flow and being in a DTC chill ,toxics were called upon to give us the money needed.I believe that to be the case.It had to be done ,no one else to go to .On top of that the chill killed the pps and thus the Market Cap and that causes additional problems in getting financing.Now i believe with the financial restructuring 3Dicon is in a better position with positve developements to bring the Market Cap back up which is very important in funding a company such as a research and developement company with no revenues or positive cash flow as of yet .I do believe 3dicon is getting much closer to being debt free!!
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