Ruby,
Looks like your fears were right. We small investors may get ripped off now during this period of vulnerability, by some brutal larger and better financed company ripping out of our hands all the benefits of our patience, and Xinex's effort to develop a great, prize winning product.
All we can hope for is a white knight financier, who realizes that our company is made up of people, who hold shares, who will work for incentive, but will collapse the product and bury the corporate raider.
Let's hope management is making a deal, and are a little more competent than you think. The corporate financing climate in British Columbia is not only poor internally, but is suspect everywhere else. Nevertheless, companies like Boeing Aircraft and Microsoft grew up near here, and MS remains a short commute from the premises of Xinex. I don't believe they have any horse in their stable quite as comely as Vortex. Who knows for sure what may come of this crisis?
Even if Xinex has to go on skeleton operations for a few weeks, the product is complete, and has at least a 6month lead on any competition. If good and generous financing is obtained even after a short period of partial shutdown, this company will still do well, and we'll get our share appreciation. More than a few weeks though, and the staff will move on to greener pastures, and we might as well write this one off to experience.
Good luck to all in these trying times.
Murray
P.S. I noticed in a previous post that DS was in there buying strongly a couple of days ago. They have a pretty good rep for doing good DD and a client base with the same rep. I hope they've dug up something about this weekend's negotiations that looks good to them. Their participation strongly on the buy side makes me feel at least a little more positive about the whole process . . |
