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iamthe walrus

01/29/14 1:24 PM

#18528 RE: razorback74 #18527

Razor ,the chill killed financing options by 3dicon a long time ago.It was part of the reason the Market Cap dropped from 74 million.The toxic financing was done with IBC june 30th, 5 days after the chill lifted because 3d needed money to continue on ,we dont have any revenue and the good kinda financing wasnt available with the chill on and a market cap in the gutter.Market Caps are hugh in finacial tranactions for non-toxic type financing.Also no news can be given out during a chill which contibuted to the decline in the Market Cap thus killing other financing options plus while we were in a chill the good financial institutions stay away during that time as well unless they run away just simply because the market cap of the company is below the acceptible level in order to recieve financing from better non toxic types.The company may not be around if it were not for the toxic type of financing we recieved to cover the burn rate.Nobody liked it but we survived due in part to Victor Keen and others who got involved in the November Offering
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iamthe walrus

01/29/14 1:28 PM

#18529 RE: razorback74 #18527

Remember the Market Cap was trashed because of the 8 or 9 month chill and at the time we got the Toxic financing from IBC on June 30th,there was no one else to go to ? That was the option available but its over for the ,most part.
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iamthe walrus

01/29/14 1:46 PM

#18530 RE: razorback74 #18527

Thanks Razor ,i updated my dates in my post about the chill but everything remains the same as far as anyone needing explaination of why toxics got involved.Thank you