Harvard Apparatus Regenerative Tech Inc. (HRGN)

[Tekterra]

This I agree, they probably have other alternatives, but it's very bad deal it would likely be toxic finance and this would be headed to zero if they accept.

I think management is doing the right thing right now. They let go everyone and preserve what they can to give them time to workout something better than what's on the table right now.

They could easily accept toxic finance like selling convertible notes and this would bounce on news but it will just look like a big pump and dump when the notes are converted and dump into the market. That would keep them alive but it would be bad for whoever still holding shares.

They want to get a reliable partner to back them on the finance. And that will take time to get done.

Otherwise, if they throw in the towels it's game over.