An Auditor would have an issue signing off on a set of Accounts that indicate the company is about to run out of $$ shortly.
''Well advanced in a number of initiatives''
This implies more than one and there was probably a big clue
'' Entering into arrangements with 3M''
There may be a CR but they usually come straight out with the CR, they don't telegraph things and let the price drop before they raise the cash
financials have been released, page-27
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