Remember these numbers are 2 months old. Recent history shows...

Remember these numbers are 2 months old. Recent history shows them spending $9 million per quarter.

Removing 2 months of burn from the net assets - intangibles gives a book value of ~13 cents per share of which about 5 cents is the cash remaining.

They have done a good job of removing nonsensical intangibles from the balance sheet this year: the brand names and goodwill are now listed at their real value: $0.

So this is a stock selling for 16.5 cents per share with an intrinsic value of 13 cents per share that has lost 54 cents per share in 6 months...

No wonder the people who hold this can’t make a single post without using some form of the word “hope”.

Why would it go to the “high 20’s” again? Hope?