Ich habe gestern eine mail an Ted Mann gesendet und meinen Frust über slyce ausgedrückt und gefragt was slyce denn tut um die Firma nach vorne zu bringen:
Hi *****, my apologies you haven't gotten a response to your message to Roy. As you may have summised, in our work to reduce Slyce's burn, we unfortunately had to part ways with Roy.
Answers to your questions below ...
Agreed! The stock price does not at all reflect the massive traction we have seen in commercializng our Universal Scanner and B2B software as a service business. We now power more than 20 major US retailers, including Home Depot, Best Buy, JCPenney, and Urban Outfitters. I agree that the current stock price and valuation is not at all representative about Slyce's technology investment or customer traction.
We did publish a press release on sedar following the AGM:
http://www.stockwatch.com/News/...2405484&symbol=SLC®ion=CThere is news about Slyce published in trade publications and mainstream media on a regular basis. Approximately 3 articles per week. We have curbed the number of official press releases, so as to only issue when there is a material event. We found that issuing releases for very small revenue deals was a) not required and overly costly to manage, and b) adversely affecting the stock price.
From a business development standpoint, Slyce is executing extremely well. We are currently working on our 4 largest deals to date -- all larger than any retailer, and at least one larger than all retailers combined. Our technology has proven to have product-market fit -- evidenced by the fact that nearly every retailer that has launched with Slyce in a secondary menu has since moved Slyce to their app's main search bar. You see this with JCPenney, Home Depot, Best Buy, Urban Outfitters. Some examples ...
The fundamental problem Slyce faces on the public market is that the company currently has a "going concern" problem -- i.e. we have less than 1 year of runway. That said, we are working hard to secure funding to lift this black cloud and restore investor's confidence that we have a healthy balance sheet and enough runway to achieve profitability in 2017.
We are actively closing additional rounds of debt from private investors and the Canadian govt. We are also securing grants form the Canadian govt. Many early investors are investing in our latest rounds. I wish the funding would come in all at once, but the reality is that we have needed to close in smaller, staggered increments.
We also have had several new US investors join of late, and several more looking to have an ownership stake in the company. US investors see a company with a massive R&D investment that is now bearing great fruit, and incredibly undervalued.
It is difficult raising capital in this climate, but Slyce has such a commanding lead in the image recognition space, and such powerful technology, that I am confident the funding will continue to close.
-Ted
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