sp will bottom up soon, page-18

Great post whitty.

I have a very small position and I suspect like others, won't increase that holding until we see some pick up in revenues.

At the end of the day if the product isn't selling, it isn't meeting a need in the market. Everything else the company appears to be doing (manufacturing, partnering, new CEO etc.) seems to be the right approach, but at the end of the day it all comes down to seeing some revenues.

Plus at this rate, it's continuing to head lower, so we could see some revenues in the next quarterly and get it cheaper still.

The other concern is cash. They burnt 1.1m last quarter and had 1.7m, so will need to continue raising capital which is going to continue heavily diluting. This is an issue they need to resolve immediately. Presumably this is where the NASDAQ listing comes in, but as whitty points out, shareholders need an update on the progress.