If they're paying that much no wonder they have debt problems that put them in the position where they must resort to toxic financing that results in ridiculous dilution at shareholder expense. If their rent is $14,651 per month, that's over $175,000 a year which is an awful lot to spend to pretend like your company is successful when it is clearly not. They've never been profitable. How can they pay this? They're going to have to do a monstrously huge reverse split and then dilute like crazy again to raise money to meet their obligations. Have they no regard for their fiduciary responsibility to shareholders? Silly question, that. Of course they don't. That's clear by their past and present actions.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.