Dan,
Racom has to dilute, sorry. They will go bankrupt, right, if they don't get money? I know it's always painful, but what can you do if you don't have the cash? As a former BC (I still hold a license), I look at the numbers, and I see a company which will not be able to pay its employees.
A bridge from the Ram is problematic, although a small number might be possible if a credible plan for raising money was on the table and likely to be executed. This scenario is not bloody likely.
The best option is to find a third party investor, say, a rich individual or VC firm, or another company, say, a competitor. This is a true venture capital type investment. I applaud your guts and research. Keep in mind that the publicly traded value of these shares is borderline irrelevant to any buyer, except as a negotiating tool. A buyer would be happy paying 3X the public price, if the investor saw the potential you and I see and had the strategic power to help leverage the potential. Bigger FRAM chips will be a totally killer app for RCOM. |
