They should have done that waaaaay back!
Why didn't they cut their costs when it was clear their timelines never worked out? Cut their salary's till better times. Nobody isn't able to survive with, lets say $2500 a month. That would have helped a lot in stopping the burning of cash. But I guess for directors it are always good times... unlike for us shareholders...
I could have lived with an extended period (even years) of non trading, but instead of ensuring some viability they've let the SP die. Even if everything goes nice and easy from here on, most of us will still be stuck with huge losses. Just calculate...from $0.03 to only $0.48 it has to rise 1500%....is that even possible? If somebody knows examples of company's that've risen out of the dead, please inform us!
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7 | 3123955 | 0.020 |
2 | 1052315 | 0.019 |
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Price($) | Vol. | No. |
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0.023 | 74750 | 2 |
0.025 | 152542 | 2 |
0.026 | 221339 | 3 |
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