company value has fallen to an unbelievable amount.
i could be wrong but I think the asset value of the company is now substantially worth more then its current value.
with revenues yet to materialize the board and ceo will need to raise more funds but with the burn rate now down to a very small quarterly amount it would not take to much to raise the small amount needed to buy another 6 months or more of time so that the mentioned significant contracts can be closed.
i also noticed that the govt of India has just made the decision to have electronic toll collection via rfid tags on all of its highways by the end of 2014. probably nothing to do with kollakorn but none the less a indication of the path that many countries seem to be taking.
i am also hopeful that the comment about on going discusions with 3M are a good sign. I would have thought global companies like 3M would not be selling the kollakorn tags and in discussions if they did not think the tags added value to their business.
very strange.
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