I just had a brief look at the RQB forum.
Whilst it's very admirable to defend our stock on their forum, I don't think it does either company any good.
Last thing we'd want is a full out dogfight (no pun intended) damaging both stocks.
My biggest worry is they wont have the funds to pay our licensing fees.
They had $700k in the bank July 31 & since raised $2.5m
Their cash burn is very high, especially while they establish their Edmonton facility, so their present cash balance would be low.
They also carry $13m debt on their balance sheet by way of convertible debentures.
Their share price has dropped from 22c when we announced the action to 14c, wiping $9m off their market cap
Although my last post on this thread (fly on wall) was tongue in cheek, all the points I raised in that post (and others I didn't mention) are why they don't have a leg to stand on.
As I've previously posted, we can drag this out, do nothing, in the mean time their business will be on hold, will bleed, no one will do business with them or invest when they need to raise money. This is a cloud over their head - they need to fix.
