RE:It‘s my understanding that
Granton, I would go with #2 all the way.
The low amount of money raised would probably come under the heading "the well has gone dry". When you are doing these PP and signing other debt loans every 4 mths or less without any revenue results, the number of creditors is definitely disappearing.
A stock consolidation is very much on the radar. Chris must have a very convincing way of telling his story as this has been going on for a few years and none of their devices are meeting their objectives. The SCOUT appears to be falling under this same heading.
I looked at the YE reports and the PreVU inventory and parts is at 0. Not a good sign if I've read the report correctly. No stats on the Scout inventory outside those from the trials.
These boys are in trouble unless the approvals come thru and some endorsements by important organizations are announced in the short term.