Ok really didn't post but thought maybe some may appreciate info.
after going over the article and talking to a man today from PSY to ask a few questions this is what I got.
1. Why was important for psy to attend the presentation?
Answer: for every 1 mems sensor there is 1 gadget reading that mems sensor, psy are developing a way where the tech reads 200 mems sensors in one go. The presentation allowed psy to show cases this in front of industry's and fund managers and we are thinking of goimg to the EU mems presentation.
2. What transpired from this?
Answer: the presentation had to be extended due to overwhelming interest .
3. Why did PSY knock back US Fund.
Answer: the terms of options could allowed for manipulation of sp and could of blown up in our face.
We also did not see the any significant reason to have money in the bank. ( other words if we did sign us fund what are going to use that money for and is it worth screwing current investors for )
4. Is there still interest in PSY since the presentation?
Answer: currently we are talking to about 5 potential company's.
I think the technology is ready and just needs JV now and not really funds. There could be some testing going on behind closed doors with some company's to see how it will benefit. I say this only because that's my gut feeling.
If this was a pump and dump then how could the above have taken place, a P&D would mean non of this is real .
SP falling yes it is! 3 to 4 million traded is very low volume and is telling me people are running out of patients wile seeing the gold sector go green.
Happy to be corrected on any point.
All the above is IMO so DYOR
PSY Price at posting:
6.7¢ Sentiment: Hold Disclosure: Held
