$1.48 price target, page-54

Yeah when you have the people who are running the company, in control of the funds, knowing the company is cash strapped, and rather than give the company a fighting chance and take a lower salary and actually do some work, aka like world class CEOs such as Elon Musk who sleeps on the company floor trying to get the company in the right place, you instead have this leadership, issuing convertible bonds, and paying themselves out huge percentages of the companys cash reserves, giving the company little to no chance of survival.

Whats going to happen here going forward? Im willing to bet a consolidation, after all convertible notes are issues, maybe they will do another cap raise before hand, but consolidation is on the cards, and then they will raise again, and do the whole story again, paying themselves out millions whilst achieving sweet F all for the shareholders.