They have $50k in the bank /had $50k in the bank at the start of...

They have $50k in the bank /had $50k in the bank at the start of the year. They have been banging away at this atleast as a public company since 2017. I love the space, as in improving in a sustainable means agricultural output is a necessary requirement for humanity, but as an investor Roots, isnt even lotto ticket stuff atm. IMO the chance is they will run out of cash/no one will be willing to put more cash in, well before a viable business is even remotely established. The end of offer wasnt even close to getting any interest. $21k from memory is laughable for the amount they hoped for.

Raising money is difficult these days and people want returns yesterday. Without knowing a huge amount of the internals of the business (and I am sure they have probably tried) it needs a big ag player to be involved and willing to take the tech under their arm and have the necessary capital to give it 5 yrs to mature into what could become a profitable and valuable tech for ag. Living of fumes of capital would make doing the necessary R&D etc tough. Focus needs to be on the R&D, not begging for cash to keep the lights on.

I hope your stockpiling of shares works out and credit to have a crack, as I hope their tech makes it as per the previous remarks, but be prepared to tip some money into the hat with cap raises otherwise you could be hung out to dry.