early stage companies always burn through money. They are converting a loan to equity, so better than extra money. If we don’t put that in then we suffer dilution - I still see Votiro (if successful), as being worth far more than the hardware side.
As before the devil is in the detail - we need to know how much they are giving away for $12 million. If the loan conversion maintains their share, so no dilution, then it’s OK.
I still see a big loss (hopefully decreasing though), for Senetas in February, but looking forward to 2024. How many years have I said that
early stage companies always burn through money. They are...
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