|I keep wondering why Joe and Seth have fiddled around, for a couple of years, without raising more money that RFI will inevitably need to raise.|
Westpark has been on every call for 2 years. Ish is obviously a cheerleader for Joe. The market is good and lots of risk capital is available for all kinds of half ass ideas.
In the time that Joe and Seth have "kicked the can" down the road the stock price has declined from nearly $3.50 to well under a buck. It's like they are waiting on some good news to push the price up--what good news would it take to push the SP up 2-300 percent?
Why would they risk having to raise money in a PIPE with the "cloud" of a Going Concern Letter from the auditors? Wouldn't that just make it harder to bargain for a good deal. Doesn't a Going Concern Letter exacerbate the amount of dilution and add materially to the dilution?
RFI remains a money losing, high salary paying, low revenue, running out of cash, no growth Company.
Why the delay?
What are they waiting for?