I don't believe for a second that they have secured that funding when they are till trying to find a lousy $350k. They lost me on that last announcement, couldn't fill that $1.5m from Dec and now desperately trying to find $350k to keep the lights on?
They couldn't find the money before the Covid crisis so i cant see investors wanting in during this crisis.
How long can they keep the lights on without funding?
No cash in the bank and spending is much more than incoming revenue.
Ann: Shareholder update and Board changes, page-35
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