GDSM I understand that the audited financials will reveal the share count and if their is more debt than known now. If in fact, as I have said before the, share count is even higher, but has not substantially burned through the available shares and the count is still near where most think that it is now, then in reality it will make little difference. I the debt is higher it could have an impact but doesn't mean that he business can't recover.
But this is what will make the difference. Income through sources. Regardless of share count a company has to have income. With no income you are just a piece of paper. That is it. If you wanted to get someone to invest in your company you have to show them that you are doing your utmost to crate the income. Hypothetically if you showed me your books and I saw 5M in debt it probably would make me leery. But if you showed me that you were also diligent on creating new revenue sources then I would weigh the facts and project the anticipated positive sources which could change that. If you showed me 5M in debt on the books and then I asked you to tell me what path or business plan you had to negate these facts and then you looked at me with a blank stare. I would get up and walk out. Again this is business 101.
Good luck to all. If anyone sells I have no beef against them. it is your money. I just weigh the business aspect and the potential and evaluate what really is important in business. Definitely not what my shareholders think is important. Although shareholders might not like that approach, business is business. If you concentrate on the strong things at the wrong time you are not paying attention to what will build your business.
