RE:To the very few regular posters Well, they have a point, dont they?
The company has nonsafety act designation/certification. It takes approximately 150 days from application to approval if all requirements are met according to their guidelines and PE talked about this 12-15 months ago.
The company has run out of cash according to the latest q report. Last time they raised cash, they had at least 4-5mil still in the bank. 3 months ago they had a little over 2mil, yet no news on the cash situation. They are basically on the brink of bankruptcy unless the recurring revenue has drastically increased from the early contracts (doubtful) and/or they still have some Raytheon funds to finance some of the RnD costs.
The company has removed all open positions on the company website which basically reaffirms their weak cash position. They had at least 5-7 open sales positions 1-2 weeks ago. Concerning??