Unfortunately. I feel for most holders today but it’s hard to see things getting better. They have about a month of cash left and still owe Realtek $2.5m which they won’t convert at 16 cents. There has been zero attempt to manage funds here and the share price is only just starting to reflect that. Probably the biggest kick in the guts to come will be the big discount of the upcoming raise considering the disastrous previous attempt.
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- Ann: December 2023 Quarterly Activities Report
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