The biggest flaw in the company has been trying to launch a product in a timely fashion during a global pandemic that has seen multiple businesses collapse entirely.
They could have gone into hibernation for a few years and survived off a smaller budget.
Would this have been better? Shareprice would have stayed in the cent range, never gone up to 10c, probably dwindled lower and lower, maybe sub 1c. Dilution would have been lower initially but by now they would be trying ro raise money to stay afloat and probably at 100 to 200% of market cap.
They could wait till the world returns to a boom cycle before attempting recruitment but then all the best talent would be unavailable.
We would probably miss the boat entirely and the company would flounder for a few more years while waiting to find another direction.
I dont see it as a preferable strategy.
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