Vivo is selling off assets and letting staff go... They are coooked.
As of June 30th they had $22,240,357 in cash
They had a (cash) gross margin of $2,485,865
They has cash expenses for the quarter of ~$5,820,258
On Sept/19 they used $10,500,000 to repay debentures
They are one quarter away from bankruptcy, this the impending sale of assets to "streamline".
They do have a $50M base shelf prospectus for raising funds but that only means dilution AF. They are in trouble deep boyo.