Yeah. My guess is this company is burning the hell out of cash. And fast. Next reports will confirm.
Thinking by end of calendar year or first 3 months of next year we will see another CR. The SP will get smashed and dilution will keep serious players away for a long time.
I suspect if they don't turn a profit next year, or at least make headway to profit territory, then this company will fold.
Edit: fold in the next 12-24 months that is
Yeah. My guess is this company is burning the hell out of cash....
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