You will find the vast majority of companies with market caps under say 50mil can be perceived as private companies. This is due to the fact that they are often run with limited resources which rely on the committment/knowledge/contacts of the directors and mayabe one or two other senior people.
Yin, yes the change of business direction has taken too long, obviously the company has hit hurdels that needed to be overcome. The sign of management continually putting in CASH to company by way of the convertible notes should give you a certain level comfort that they see this a worthy investment.
Cheers
Clever1
EOR Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
