RE:well fundedPer their response....
Q. Jake, do you foresee a path to positive cash flow by Feb 2021 to repay convertible notes in the event that the share price is below $6.50/ CN and the holders choose not to convert?
The industry is rapidly transitioning from a focus on ‘growth at all costs’ to ‘growth with a clear path to profitability’ and we are hyper aware of that. We believe that by Q1 of 2021 our business will be in a position to either repay the debt through a financing or a restructuring.
IT WONT BE FROM CASHFLOW - maybe they will be able to get other debt terms to refinance based on cashflow...but the RADD Raise at $6.50 was tops and ends up being cheap financing that they got.... for for shareholders like RADD who get in sub a buck