RE:RE:RE:RE:Spending...Couldn't go bankrupt? In 2020 they were converting debt owed to directors/employees into shares, because they couldn't pay them so they gave them 1.5 cent shares. The previous round of shares issued in the open market was to pay off debt to Silcon Valley Bank (kinda funny looking back on that now) and that was done at 10cents. They prceeded to piss that money away and then the shares fell to 2 cents. What would have happened if they didn't stop bleeding cash and shares were trading at 1 or 2 cents? Raise again and dilute 10 times more? take out some loans they couldn't pay back?
They did titghen things up and get back to cash flow positive (they cut salaries and expenses to get there) but they were on a path to disaster. Now they seem to be spending freely again and I just hope they have the busienss to back it up and this time these new hires actually bring something worth while to the company.