RE: Has everyone calmed down - now read1 Sep 2018 09:49
AIM Oracle - yes there is still some cash left, however the company spent $1.8 million last year.... on what? Is that not a big red flag for you?
At this burn rate the company cannot last more than 6-9 months, never mind be able to fund a deal.
They have RP, 3NED’s, Asian COO, paid PR, CFO (these are the ones I know about) - all doing what?
People talk about the value of the licenses, in theory yes, but look at the reality over the past could of years, for some reason they have not managed to utilise them - why?
Largest gaming player in Asia, where has this been pulled out the bag from all of a sudden? Early stage talks at best. RP has a mate there? We all remember his mate @tianrong and where that got us!
He needs a deal in next month or two or we are toast!