It doesn’t even seem like there’s money in the bank.
Net of their overdraft facility cash at the end of the quarter is -$365k….
Only hope left is the sale process which will no doubt gut the company. Seems the wording has more definitively shifted to sale of the company’s assets so I suspect a capital raise is out of the question. Also interesting to note there was a commercial dispute with H&H.
Not many signs of life here anymore. Real shame given it was so close to exclusive access to a big and growing market.
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