Yes, I suspect that 45% is way too much at this point and...

Yes, I suspect that 45% is way too much at this point and especially if they are cutting sales guys. You can save your way to prosperity.

Hopefully they are closing down the US manufacturing site but not sure how they do that without significant cost at they were doing final inspection and test (and some final assembly, I believe). To move that to Costa Rica will require re validation activities and other costs which would be more than the $200K they have allowed.

So will be interested to see how they do the cuts. A company in this position should have a fairly flat management structure. And they have too many directors. I think they are also being screwed by the IP costs which now look overvalued given the 'success' of the company. There is a fixed component in that IP license which is helping to slowly choke the company.

This is their last shot and agree that it will be hard to put money in again but I'm sure there will be a rights issue which will be so criminally discounted that it would be near impossible for current holders to participate in.