RE:Q1this is what im talking about. the revenue will kick in mid next year, but for now, they need to survive. that's the daily struggle for them.
Wait after they issue shares and it tanks even further and buy back. Their revenues will be 500-1B in the future, so its a good investment VERY long term.
Skater wrote: Biggest problem is cash. $56M as at Oct 31 and they used the same amount in Q1 for ops. So to fund they are issuing shares at market. There is no way the share price will climb based on the rate of selling new shares (ATM). Already over 400,000,000 shares (yes 400MM) o/s as of December 14, at current share price, projecting over $700MM (yes 700MM) shares will be outstanding, assuming the debt holders continue to take shares for debt. Piece of the pie is getting smaller and samller. This one is a ways off from turning the corner.