The problemThey burned 25 million and had losts. The only reason I was interested in this stock because I thought they where having a 2-6 million in profits had about 40-50 in the bank and where going to do a cpl LOI's with cash and make this thing pop. Reality is they burned through 25 mill, had losses, no new LOI's and are working on bottom line instead of top line.
Theres uncertainity with U.S regulations and many of there products are resale of wheel chairs etc. And penny stock the company is worht over 160mill and the reason its a penny stock because they have over 200mill shares outstanding. They cant do debt financing and only financing would be fore equity which would take a huge dilution no one would want to do bought deal for 30cents times 25mill for 80mill more shares. And what to get by a few more quarters and have low organic growth. They bought Dogs and the reason why it looked so great was because this rollup was just adding all the revenues together. So im out I dont think this will pop anymore especially in the near weeks as there is no news and people move on.