The last 4C had over 6M of costs, and costs despite the...

The last 4C had over 6M of costs, and costs despite the narrative of being cut are increasingly.
Advisory Board.
Further drawdown of funds to gain revenue
Increased bad depts.
they flagged new staff roles

So lets be conservative and say break even revenue required is 7mill per qrt.if not more
Remember to get more revenue, they need to spend more.

they were close to achieving a profit . Now covid has set them back 6 - 8 months imho. And lets not gamble the messiah will turn it around

But that’s half of it.
This company is not run for the benefit of shareholders.

Shareholders make $ on a rising SP. Unless of course you gift yourself shares.

Dilution to the eyeballs on a sinking SP compounds the misery to Shareholders. A necessary evil some say. Well it’s not working.

You buyback your shares when they are cheap, and sell your shares (aquisition) when they are expensive.

Ted’s issuing 700-800 mill shares over last year is telling the market the companies shares are expensive.

the Market ( and many posters ) agrees with him

1c