Jimmy WBT have very little cash left. And an outstanding loan (>...

Jimmy

WBT have very little cash left. And an outstanding loan (> $1m) from NXR on which interest is capitalising daily.

If the tech can be commercialised, then the only way forward is for WBT to raise capital.
An investor will not buy into WBT given that NXR has 40% plus the loan and also given that NXR cannot be diluted.
So the options for WBT is to proceed with the merger with NXR and re-list the vehicle so that WBT shareholders also obtain liquidity for their shares OR sell the tech and return funds to all shareholders.

But one step at the time. Purdue test results are critical and will determine the way forward for both companies.

I hope this short explanation helps.
Cheers