#1 This definitely needs explanation from the company. Both sides are blaming each other at the moment.
#2 ? I'm speculating but is the amount of a potential claim against BDT unsubstantiated until a hearing? Until then it's what the other side submitted which could be any number.
#3 was answered or hinted in the update. They significantly changed the marketing strategy and that approach was at odds with the co-founder as the CMO. Not a good look and clear communication explaining this should have been issued.
#4 is a combination of the standard Covid and economic slowdown troubles plus more importantly their issues with Bolin. Cameras are their biggest seller and they have no stock left which is effecting their sales. This will continue to hurt significantly until they can get more stock from new suppliers.
There is another possible outcome for your list: they trade out of the current position. It's rare but they have a shot given the cash position assuming they don't lose it to law suits. IMO the company is worth much more than $10M but they need to show revenue growth and resolve disputes before the share price reflects any change.
BDT Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held
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