RE: What if16 Oct 2018 18:10
Sharelock, whilst it may be true that we simply move on to the next project if this deal falls through, to say the business model is de-risked is a little naive for a company that to date has no revenue stream other than placings. If the last placing was needed to get this deal over the line and contribute to normal operating expenses (as stated in official comms), then we have in fact lost a great amount if this deal falls through. The business model is also far from being de-risked until it has proof of concept and an income stream from the first deal.
I'm as sick of the trolls as anyone, but I'm also getting a little frustrated with the relentless optimism from some lth. This could be a life-changing share and I really hope it is, but the risks are also very high and at present the company appears to be treating investors with a fair bit of indifference, bordering on contempt. They could argue we're all just glorified gamblers and they may indeed be right in some cases, but there are also some very intelligent, successful and cautious investors who have bought into the concept sold to them by the company. I've said myself previously that news can't be released until available, but I agree with those posting today that we should at least have some kind of progress update on GH, as well as some kind of overview of exactly what funds have been spent on since the last placing.