hopper has cash (uses his own $ having used OPM to get it to revenue stage) why wouldn’t he - it makes sense … or someone else does (who takes it private doesn’t actually matter to current shareholders unless it’s a scrip offer)
The market won’t give him the privilege of raising capital every 6 months or if it does it will be prohibitively expensive (exhibit A) …
This CR solves the problem for 6m at best and the one thing they’ve proven proven over the last 2 years is that it takes longer and more money to get the relevant approvals across the line than (even they) anticipated.
he doesn’t even need to run it into the ground, that will happen all by itself, it’s merely a function of time … they are burning Xm a month and have Ym in the bank … share price will reflect that and provide the opportunity….
just a thought
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