It might look tempting to average down, but you have to ask...

It might look tempting to average down, but you have to ask yourself, with the previous utter incompetence of both the board and the previous executive team, can they actually deliver anything with this new money?

I haven't seen one word about what costs they have slashed, if any. As far as I know, they might still be employing everyone as if it's a sheltered workshop for their friends. The food product development team needs to completely go. We don't need yet more trial examples of lupin pasta and muffins.

Along with making meaningful sales deals, I'd want to see them cut staffing, R&D and admin costs down to the bone before tipping money in, otherwise they'll just continue to burn cash as if shareholders are a magic pudding.

(well done Oatmilk1 on getting out when you did. I sold a few (40K) at ten cents too a few weeks ago, but there weren't many buyers lately). Pity the poor folk who bought at the peak above $1.80