What exactly would run this company up, in your opinion? Without the CR, NVX would have literally run out of money in 2-3 quarters. With the CR, the money burning can continue for additional 3 quarters or so, if the future spending follows the historic trend. In either case, I don't see how the company would have nearly enough funds to do anything meaningful to change the direction of this business. Not that the management has any desire to do so anyway. The biggest expenses of this company have literally been administrative and management fees. Does that sound like a thriving company, an innovator and a global manufacturer? No, it sounds more like someone's personal cashcow or a really poorly run government department.
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