One way or anotherOne thing seems to be for certain, there will be major news announced between now and the end of November.
Given the rate of cash burn, they appear like they will be out of money sometime around October or November. (March 31,2022 Cash ~ 1.2 M$, June 30,2022 Cash ~ 720 K$).
Unlikely anyone will loan more money or purchase new shares considering their financial position.
Highly unlikely that a financial institution will lend them the capital required to construct or even to continue operations given their financial situation.
That leaves either a buy-out from a 3rd party with deep pockets, or commencement of some kind of bankruptcy proceedings.
I find it very peculiar that the debentures extension specifically noted that they were backed by all assets of the company. I find that worrisome.
Very interesting 3 months incoming.