I completely agree with you. HMD would be better suited to an...

I completely agree with you. HMD would be better suited to an unlisted entity. In order for that to work as it all stands right now you would need about $20m as a starting point. $10m to wrap it up and then $10m to provide adequate runway to some sort of revenue neutral type of position. Given the lack of execution success it would need someone with very deep pockets to deploy $20m at this point as success isn’t the only realistic outcome at hand.

there just has to be more dilution unless a contract/s that amount to $1m+ per quarter get signed or a significant grant of $5m+ comes through… I’m not sure what revenue will be received this quarter but none of it seems particularly recurring so it’s hard to get excited about any number recorded….