They can't abandon the S-1 if they want to raise more money, unless they want to go all-out toxic financing. Good luck with that. The company would be lucky to find buyers for the remaining 19mm shares at ten cents and should sell as fast as they can in my view, because this is worthless
If you don't like my posts, don't read them. If you think only those who agree with you should post, then start your own message board. My conclusions are my opinion only, based on what I believe to be true. I have no crystal ball.