Yikes. Yeah the accountant resigning is not a good sign, but the reason could be benign.
I find it interesting though that the new lender would go ahead and convert now..perhaps it is because they feel in 9 months the price could be higher.
The silver lining is that interest costs are eliminated.
All of the financing, dilution, management yadda yadda yadda is only important if sales numbers are bad. Hopefully the company can get those figures out soon.
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.