Ann: Corporate update and equity raising, page-67

I agree they are incompetent. The problem is they raising money to invest more in the product and that means that they’re going to make a loss so they’ve been talking about in cash flow positive but they’re not gonna be cash for positive after this raise because that’s the whole point. They raise money they spend more money and they lose more money. I actually am the CEO of a multimillion dollar saas company and I have a 20% profit margin. I bought these shares because I thought they were cheap at less than one times revenue but I totally agree, These guys are completely incompetent and they are diluting shareholder value by raising money at such a cheap price.