New CFOs, especially ones commissioned by shareholders with majority voting or company control, will squeeze every coin until it screams. A little dramatic, maybe.
In recent history, an NT 10Q and Offering notification was filed. There are many reasons to be late. Yet, there a fewer reasons for issuing Offering - Dilution: to fuel substantial cash burn and/ or debt service.
Take care in putting such trust in a "Billionaire" who has little or nothing to lose; now or in BK.
It's called a confidence game. Why? Because you give me your confidence? No. Because I give you mine. -House of Games (1987)
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