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22:29
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Originally posted by marsch85
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Thanks - it's good to discuss this because we all have different interpretations of the XPED announcements.current agreements and progressing current MOUs as quickly as possible. What does that mean? Oh... we are raising less money, let's focus on monetizing as quickly as possible!?! Wouldn't they be doing that anyway? We know they are working on agreements and MOUs, so not sure why this is news to people? You can imagine the board thinking when drafting the update "lets use the words agreement, license, monetize. that will distract them"2017 and 2018 . Sure it might have been used for some small acquisitions, but it's not explicitly stated. Announcement Funds raised by the convertible notes will be used for: Q&A with Marty: Q. The company sought to raise more money recently. Why? The organisations that Xped are seeking to license our technology with, are very large multi‐national corporations, that expect to see a well‐capitalised Xped, which offers long term surety to reduce their own risk and exposure. I spoke with the Board requesting additional funds that were needed to grow the sales and marketing channels along with acquisition development costs to ensure the Company had necessary cash reserves going forward.
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Acquisition development costs relates to JCT which was Martys stated focus. Maybe something new has changed that strategy & Xped now has a secret suitor.... Intel Capital!
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