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Finally, other people started to open their eyes and realize that they were lied to by the management team.. shovel ready bahaha But now ask the cheerleaders here that were attacking any opinions that differ with the rose glasses they were wearing!
You will now all realize that you can't raise $500M in this market with $90M market cap. The only path is to wait which will destroy the stock price, already 30% down in a month and still room to fall.
All this was evident back in September 2023 when they missed their deadline. Don't think this will go bankrupt, but likely outcome is to be bought out cheap (like maybe 50c/share) once it hits rock bottom in the 25c range. Market is expecting the downturn to last at least 2 years so be ready for very rocky times as if thry are not bought out will have to issue shares at very low prices
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