Active Control Technology Inc ATIVF

read the release

[inves20]

They say that the current shares are not worth anything, since sales are so small per share and there are so many shares outstanding, and they are out of money. The reason why they spent so little to keep the lights on basically in the 4th Q, is there is no money left to spend.
The news release says this..."while we pursue a new round of financing".

The new shares that will be issued will effectively dillute current shareholders out of any meaningfull ownership, even if you have millions of the current worthless shares.