Two Big mistakes by KNR when the stock was trading at 6I think one of the major mistakes that Paul and KNR did (when the stock was trading around 6 dollars with huge interest in the stock ) was not to have PP at $5 (perhaps 30-50 million dollars). This way they could simply get rid of the debenture holders' loan and have at least 30 million dollars in treasury with minor share dilution. One of the main reason for stock price weaknesses has definitely been from Debenture holders' shares to the market.
Now that the other competitors are coming on board and also vaccination, it would be hard for KNR to sell their products unless they settle a major deal with a major like MacDonald very soon..
Another mistake was the high selling price of KNR . When you are new to the market, you don't need to make $9500 profit (as mentioned by the other members earlier). You could start with much lower price to build a good market base and then start offering higher prices with new but improved version of KNR products.
Anyhow, I hope that the management knows what they are doing but having my own business for several years, I know the good opportunity does n't come very often!
Best,
Flight