RE:SP at 70% of last financingMy dear friend, this is called a distressed financing! When you look in front of you and bend over to pick up a soap and BAM something hits you in “D-BOX”
It was fully marketed deal at a price under the stock price with a full warrant which is like picking up the soap twice. You short the stock for anything above 13 cents and immediately cover yourself in the issue at 13 cents to ride the warrants for free.
Management participated, with the investors money who pay their salaries and bonuses. Still a good sign as they could have changed cars or renovate the house instead.
As you point out, over 100 customers/partners, all over the world but no sales to show for it and negative operating cash flow.
To finish on a good note, a lot of deals signed recently. If the home segment is going to pickup steam, it should be visible within a few quarters not years also there is also a lot of effort to revamp the image of the company for the better.