Senoj, whether the true value of the $6 mill of stock turns out to be 2 or 3 times its current value, the reality is that without approvals, its current value is zero. It cannot be sold.
I was not aware that the reason for the huge amount of stock was to demonstrate scalability for approvals. Cant recall any release to that effect quite frankly. Can you point me to it? Obviously, if they had no choice, they had no choice, but from a financial management point of view, it would seem crazy to have this level of inventory at this point in time, when we have no way of selling it and limited cash resources to keep the show on the road.
Senoj, whether the true value of the $6 mill of stock turns out...
Add to My Watchlist
What is My Watchlist?