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Message: Rick loses 3 million shares

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Re: Rick loses 3 million shares

posted on Oct 27, 09 09:42PM

I think you're agreeing with what I said about sales. No cash flow = no sales. And since they had to borrow money to keep going, I would say they don't have much cash either. If they struggled to repay the loan, it seems obvious they don't have any money. If they're paying employees with stock, I'm amazed that you would say they have cash.

So, if Rick and company could just leave town if the company is a flop, where would they go? This isn't the 90's where tech jobs are a dime a dozen. Being unemployed now is not a pretty picture. Beyond that, who would hire a guy who drove a company into the ground? His resume will take a big hit.

What was your last job Rick?

I was the CEO of a company that had an amazing, state of the art product but went bankrupt.

Uh, I'm not sure the shareholders of our company would agree with hiring you.

You can read the work history of the board of directors on the Braintech website. I don't remember seeing anyone who said they were on the BOD of a company that went belly up. This is, in my opinion, what's keeping them on board.

The innovation that Braintech offers is supposed to result in savings from not needing as many people to run their operations. That and adding a high degree of accuracy are their selling points. So, I ask again: Why can't they sell their product? There's clearly something that they are not sharing with the public regarding their sales. We'll never know the real answer to that question until they either highly succeed or utterly fail. Until then, we can only speculate.

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