Re: Where is the strength?
in response to
by
posted on
Apr 19, 2023 11:49AM
Totally agree with your comments.
Technologically the company is advancing rapidly but financially the reverse is true.
There has been a level of incompetence in getting funds into the company in advance of future needs.
The company should right now be in a position to finance and quickly implement the technical advances that will keep us ahead of others, trying to achieve what Poet has already accomplished.
As things stand now the Company, we have been told on numerous occasions, is not running at full speed, limited in its expansion into other areas by monetary considerations.
Why not approach one of the majors we are purportedly dealing with to take a % interest in the company in exchange for funding $xxx,xxx,xxx so that we can launch into all targeted areas, shown in numerous presentations.??
Unbelievably it seems the Finance people appear to have been unaware of the forward need for funds, or lack the contacts or credibilty to secure them. The current shareholders and Debenture holders have been relied upon to do it all.
The mistake in not getting a sponsor for the Nasdaq listing, by doing a finance at that point in time, still haunts the company.
What is the start date for the latest PR hirings ?
Certainly it does not appear to be today !