No I took it as you meant it. I was kidding as we
Post# of 43064
Posted On: 06/13/2014 12:33:16 PM
No I took it as you meant it. I was kidding as well. Again this is a speculative investment. I do like Heddle and he has put PIPE money in and I assume the full $3M of the loan. I however did not see any covenants that precluded him from selling some of that paper so I guess anything is possible. If I am wrong on that point somebody please let me know.
But if you are objective you have to balance that against the poor handling of the shutdown, the missed mid-quarter updates, lack of notification of the OSC issue. I have a theory but it is based on very little data just intuition. I do think Heddle is a very good guy and may have thought the process was further along than it actually is at the present. I think being a CEO of a public company requires a completely different skill set. Maybe that is the problem
But again I am here because I see processors that are improving although at an agonizingly slow pace and massively behind the claims of the founder. I am hoping processor #3 reaches a threshold that will trigger a company to buy a machine based on the parameters I put in my previous post.
But if you are objective you have to balance that against the poor handling of the shutdown, the missed mid-quarter updates, lack of notification of the OSC issue. I have a theory but it is based on very little data just intuition. I do think Heddle is a very good guy and may have thought the process was further along than it actually is at the present. I think being a CEO of a public company requires a completely different skill set. Maybe that is the problem
But again I am here because I see processors that are improving although at an agonizingly slow pace and massively behind the claims of the founder. I am hoping processor #3 reaches a threshold that will trigger a company to buy a machine based on the parameters I put in my previous post.
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