IMHO, as I read today's 8K, it reads like a virtual guarantee that this will trade down to a sub penny price, from my perch the only thing stopping that would be a reverse split which would be just as bad or worse for shareholders.
This is just how this toxic financing works, see the many examples out there.
If this product, light sheets, held so much promise and or revenues, this type of awful financing would not be needed, there would be alternatives such as selling preferred shares or something along those lines that would not cream the shareholder base.
Take it for what it's worth, just another opinion among the many.
All my posts are OPINION only. Never buy or sell securities based on my opinion.
