More importantly - why did they not raise funds hen all the signs were that the research would be a success, and the SP was 10 cents.
Why did they run cash levels so low that they had to borrow from a shady lender $500K) just to keep paying the bills and then rush through heavily discounted CR's in desperation.
Who is making financial management decisions? Surely a 25 year old company has better financial nous.
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