Agreed both of you, yonks ago I said they needed to fill the coffers either bank borrowing (short term) or equity raise but they seem remarkably sanguine about the cash position which leads me to believe they have the finance sorted. If they have not, then I would really get uneasy.No, whatever it takes cash wise will get done they have not come this far to fail at the final hurdle and the big investors know this as well as us pis.I know it will happen so im not worried on that score, sales is my main concern. I know its early days but some guidance by yr end as to sales/take up would assist shareholders, after all by then the co would have had 14-15wks on the road and should be generating revenue.
Cash is a real concern for me too. They have stated they have cash until mid next year, ideally you would want 3 years cash or 18 months at the very least, but I don't have a sense what they're doing about it, surely something. Undoubtedly, sales makes a cash raise easier and cheaper and acquisition more likely, but no cash, no company how ever, brilliant the product. As you say an auction process would make some sense at this point, although not sure that we would receive optimum value.
Bottle of vin
Better value? Not sure as it cost me 45 shares but gave me a nice warm glowing feeling........ unlike the stock!.Might put another bottle on hold for the happy day............sometime before I collect my pension!
I fear that SPHR may have difficulty moving further higher until there is better visibility of cash needs. Sales of product would be a real shot in the arm. I know this is now a key driver of the management and if successful would make a fund raise much cheaper. Of course if sales do come in over the next 6 months then an acquisition is far more likely. The company could put itself up for sale on the quiet, which could turn into an auction process. That way we would all benefit. fingers crossed!
Re: Bottle of vin
I must admit being a SPHR holder can drive you to drink, flurries of activity not quite getting out of the bid/offer spread and then the inevitable slow trickle back down again. If only the management could gather some momentum to change the "feel" of this stock. The product concept is great so the raw material is there.
Bottle of vin
Booooger it I'll drink the Chablis now, cant wait that long!
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