Ray: it is not an illusion, but a matter of perspe
Post# of 9122
The Company has not lost, but is currently in a race against the manipulators. This is apparent after the revelation by nnlxinvestor on the other board that he recently participated in a PIPE. Coincidentally, the share price was taken down aggressively soon after this revelation. The drop in share price is obviously harmful to a Company that needs to raise funds by selling shares. But the Company has a large pool of Available Shares so even with a low share price, the Company is still able to raise significant sums of money relative to its Operating Expenses. Running out of this pool of shares (over 100m) before becoming profitable does not concern me as I think the Company is very close based on the partial customer list that was provided in the last press release.
It came to me why the bashers amped up their attack on the Company with the latest take down of the share price and nnlxinvestor's revelation -- they want to scare away anyone that might want to invest via the PIPE. This would be a mortal blow for the Company. If they weren't able to find investors willing to participate via PIPEs, the possibilities are grim. The two that come to mind are engaging in toxic financing or shutting down.
I agree that the only way to throw the manipulators off our backs is to announce profitability, a partnership or a buyout. In any of these cases, there would be no incentive for the manipulators to continue to attack the share price and scare away potential investors.
Our perspectives diverge where you think the Company is close to being done and I think that the Company is close to absolute success. The news has been progressively positive so I have no reason to think the Company is stagnating or moving backwards.
You want someone to blame for the state of the share price, blame the manipulators.