They are in tight spot. I will reach out using all means but I expect no responses until a public response is ready. They will likely have to do something significant and potentially adverse in the short-term to ensure they have caught up with Batterfly Energy LTD payments and make a decision on HP camera roll out. Perhaps they planned to use Mobeego revenues to capitalize build of cameras.
It would be interesting to at least get an update on Mobeego sales. That would likely be a strong indicator of the direction they need to take and would help all make risk calculations. If their sales are poor and there is inadequate capital to produce and roll out HP cameras, the company would be at high risk of failure.
Good concepts and big picture plans for the company. If they can recover from this, they could grow quickly. The perceived poor execution, attention to details, and financial management over the last few quarters has put the company in its current position.
The right leadership and shift in strategy could make a difference.
We are blind right now though. I am holding some shares but it is with money I can afford to lose. If they fail, I lose. If they turn this around, it could be interesting.
All my opinions. GLTA.
