Posted On: 05/27/2015 3:57:24 PM
Post# of 9144
Re: rayludwiczak #1671
i guess u havent read any of my posts or looked at thousands of pennies
most low pennies utilize toxic financing via convertibles etc which are discounted as much as 60% or more
and such co's get such financing even though they are de facto bankrupt w highly negative current ratios -like .001- and highly negative balance sheets - 1 otcqb co had 50 mil debt against only 5k assets
so NNLX would have no problem getting financing if they thought it would be cost effective to attend- but now that they have other sales methods they decided it wasnt cost effective-as already reported weeks or months ago .
take e.g. a legal case where an attorney -in filing a case far away to an inappropriate venue- argued that w modern conveniences of faxes etc people didnt need to be present in person
now they have videoconferencing e.g. plus additional articles which can be faxed and then followed up via video conference etc
they also have the contacts resulting from previous events- w a high degree of common attendance/returnees-which reduces the cost effectiveness of attending just to speak to the same people in person-anybody who was interested from previous shows has already been followed up with
why swim in the same pool while there are other new pools
most low pennies utilize toxic financing via convertibles etc which are discounted as much as 60% or more
and such co's get such financing even though they are de facto bankrupt w highly negative current ratios -like .001- and highly negative balance sheets - 1 otcqb co had 50 mil debt against only 5k assets
so NNLX would have no problem getting financing if they thought it would be cost effective to attend- but now that they have other sales methods they decided it wasnt cost effective-as already reported weeks or months ago .
take e.g. a legal case where an attorney -in filing a case far away to an inappropriate venue- argued that w modern conveniences of faxes etc people didnt need to be present in person
now they have videoconferencing e.g. plus additional articles which can be faxed and then followed up via video conference etc
they also have the contacts resulting from previous events- w a high degree of common attendance/returnees-which reduces the cost effectiveness of attending just to speak to the same people in person-anybody who was interested from previous shows has already been followed up with
why swim in the same pool while there are other new pools
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