Maybe I'm the crazy one, but if we're waiting on 3D Nano to 'save' us, I'd suggest we all sell now.
First, I don't see them as quite ready for prime time. I don't see significant revenues flowing in their direction in the very near term - though I have high hopes for them by 2018.
Second, I don't think 3D Nano profits flow to MARA's bottom line for general expense purposes. Again, I could be wrong about this but my understanding is that their income will not be used to pay MARA overhead but rather to fund the ongoing operations of the subsidiary. We profit when they are sufficiently profitable that they can go public and shares are spun off to the MARA shareholders. If my view is wrong, someone please correct me.
I have talked with IR and they are very aware of the cash situation. MARA would not have purchased the GE, Siemens *and* battery technology patents if they didn't have a plan to meet near-term expenses. As noted, it will not be a secondary. We could borrow from Fortress again I suspect. And - I think they are pretty deep on discussions with at least one 'group' of licensees. I would not be completely surprised if we generated some significant cash from a license in the near future. I suspect that may be early next year instead of the next couple months - but my instincts tell me it is close.
Yet again, we are facing the risks that a young start-up faces as they try to scale to larger opportunities. But I much prefer that risk to the risk of predictable revenues and expenses that have little ability to expand.
I added again today. So far, my additions have been to a falling knife. But I believe that management has my back. Those who do not are on solid ground to sell their positions until further information, and greater predictability, is forthcoming.
~ yanqui
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