Here's a question that should have been asked on the conference call (unfortunately, the only people who knew about the call in time to participate were the people they wanted to hear from):
This question is for Richard Ormond, President of Matridigm. Let us assume that you have the technology you claim. If you do, there are indeed hundreds of millions in potential revenue, if only you can find and convince your potential customers. It is then of paramount importance that you mount a huge sales effort, given the very limited time remaining before 2000. To do this, you need a partner with pockets deep enough to fund a sales campaign of, say, $30 - $50 million and a global sales organization in place to support it. Again, if you have the technology, it should be possible to demonstrate it to such a partner, who would be happy to buy in.
Why then, instead of merging with such a partner, have you chosen to merge with Zitel, a company on the verge of bankruptcy, with a horrendous track record, and with no financial or organizational resources to contribute? |
