Andre Merkley
๐ค SpeakerAppearances Over Time
Podcast Appearances
In the last quarterly report, it was 3.5 or something like that.
Yeah.
With ease.
Um, well, first, first of all, uh, being public on, um, on, um,
back country market is not the way to go.
And we thought that the financial markets will consolidate and we basically hoped to get a backboard to also to some larger stock exchange that either the Vienna stock exchange would buy the Libyan stock exchange and we would be automatically listed and stuff like that.
Unfortunately, after 2008, everything went south and those plans did not materialize.
We did not,
Establish full potential.
We're stuck on an illiquid market.
And that became a hurdle to our raising capital because, again, being public in an unknown foreign market with unknown legislation decreases your enterprise value.
In 1996 to 2008, we were working on ERP systems for small and medium-sized businesses, which carry a lot of similarity.
No, we completely bootstrapped.
Actually, I went bankrupt in 1994 with my previous company.
So actually, we were not even credit.
I was not credit worthy.
So it was basically the last paycheck.
A garage...
computers and, and a lot of will.
Uh, Gecko.