RealityThis company can still raise money but they still have to and at crazy rates.
They have a bulding to sell but can't seem too
They produce a ton of product but can't sell it all
Share float is very high but not unmanagable, most of the warrents are at prices that won't be converted.
They have a new ceo but it doesn't really mean much, there are big(not insurmountable) problems with debt, the markets don't punish companies just for the hell of it(REALITY)
The bashers have been right more than wrong over the last year watching and trading this stock and reading the posts here aug 6/19, $1.22 to today $.10
Management spent poorly, lined their pockets(and all their buddies), undoubtably have offshore accounts that they use to short and use the Canadian system that has been in place since the Vancouver stock exchange days to rip off the retail investor
Pump and dump is alive and well with this share, don't take much research to see that in the last six months
Chances it folds compared to staying afloat are likely75/25. Don't kid yourself, happens all the time.
Personally waiting on the next pump(earnings), going to dump like the pros are, make a few bucks, hold a few shares and see if the longs had it right for once. Maybe buy back in on the dump with the few made bucks or likely just stay away. lot of drama here lol
GLTA