What will "Hiring" an Investment Banker Accomplish?
Designing and implementing a capital markets strategy is simple. What is not simple is overcoming the train wreck that is their balance sheet.
They have already filed an S-1; priced at $0.50. This was priced when the stock was trading at $0.0101. The market is currently at $0.0027. Who in their right mind would buy this stock for $0.50?
There is no fundamental reason to buy shares in this offering.
Fundamentally, as per their S-1, they have $303 in the bank, and $1,222 in current assets, and $3,729,601 in current liabilities. That is a working capital deficit of $3,728,379.
Think for a moment about what this means to an intelligent investor.
Also, look at the history.
On February 8, 2013, they signed a $100M financing agreement with Lambert Private Equity. What happened with that?