I don't have a problem with waiting. If the company was engaged in R&D, actively looking for contracts, promoting itself in scientific community, showing results - sure, I am happy to hold my shares and wait for as long as it takes. But Intellicell has no money to do any of those things. The difference between Intellicell and many other start up biotechs is that we do not have financing that does not rely on selling shares at miserable PPS. And every time they have to do ANYTHING, the part of the company you own HAS TO DECREASE.
Supposedly, you do own 10% of the company at the moment. But it was 20% just two months ago! And, should we see no financing secured, it will be 5% by the time we see the next filing, and so on. Patience in these circumstances is malignant.
And let's not forget how much it costs to maintain $10M of debt. Failure to do so had already added millions upon millions of shares to the float.
So, patience is a great thing, I agree 100% with you. And I am patient. But without some sort of financing deal worked out soon, SVFC will suffocate in its own debt.
Now, having said all that, I do believe that they will manage to work something out in the next six months that will allow the company to stay afloat. Otherwise, I would not be here wasting my words. I own 4M as of today. I want the company to succeed.
Still, as of today, even the stamps for those shareholder letters have to be paid for with shares.
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