Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications
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Come in early November, we reported to shareholders that we had 24 million on our balance sheet and since we burn about $1,000,000 per month in cash, that would suggest that we've got, you know, two years of of cash available.
Host: However, you know, like the step up of building inventory and building product, accelerate that.And on the product side, uh,
Tom: we're not that concerned because the product side inventory is going to be handled mainly by the joint venture, into which, by the way, we've. We've not really put any any cash into that or joint venture partner is handling all of the CAP ex.And all of the op ex associated with with the JV. So what would I think we're looking at though is as we expand into other vertical markets.Uhm, we've talked recently about the wearables market, for example, come and our ability to develop and design A spectrometer that's built into our optical interposer platform and and as Suresh just mentioned the question about whether we should be producing.Optical engines or we should be producing modules. So as we look at those kinds of of of moves, that's going to require capital.And so we have been saying that that.We would consider doing a NASDAQ listing, for example in connection with a with a public offering. I think our view now is that.Uhm, were we may be better off getting on the NASDAQ as quickly as possible.And and saving the capital raise for a later date. Since we're not today in need of cash. And of course we've never waited until we were absolutely yeah,
Host:I would concur with that listing on the NASDAQ would probably give your stock a lift, and that in turn would make the raising of capital less expensive.
Tom: Absolutely, and so we've. We've had a a subcommittee of the board appointed, and we've had some meetings, and that and some discussions around that. And I think I can say that we're committed to doing the NASDAQ listing as quickly as possible, because as we look at the landscape and our market cap, I mean, we really do believe that.One of the biggest challenges in the company for our our share price is the fact that we're on the Venture Exchange and on the OTC in the United States.
Host: But what are the steps that need to be taken to to complete the timetable to getting it onto the NASDAQ listing? I think you've said.In the past that you would hope to do it in Q1, but it might slide into Q2. Any thoughts or what needs to be done between now and then?
Tom: I think in terms of the list in terms of the listing itself I I'm pretty confident we can get that done in Q1 and it's it's really at this point just mechanics. We need to go.Through consolidation of our shares because we've got a lot of shares outstanding at a low price. So we're going to do that and that has its own mechanics associated with it. As far as the Venture Exchange is concerned. And our NASDAQ application, which has kind of been on hold for a few months, we we are now refreshing the documentation.And providing responding to the to the NASDAQ inquiries and that's moving along I I really think that timetable is 2 to four weeks and that in that range in terms of getting through those mechanics and and so you know.When that is finally decided, we will make those dates and and those time frames, or at least part of time frames available to shareholders. But look, we've kind of run up against the wall on the clock here.