Yeah just saw it now, hotcopper blocks the link, see if I can screenshot and post. Basically what a lot of us have been saying for years:
CAN too much debt $60 million, losing money hand over fist, nowhere near cashflow positive, no way to repay the debt as they arent making money selling their product, so selling more product just leads to bigger losses. So with now $60 million in debt, with no way to repay it, last raise at all time low prices they could only get $4.4 million out of the $11 they were going for, and this is from retail. No one wants to touch it. Im interested to see what an article like this does to the market come Monday open.
Soap Box, page-18
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