Nice post, Zero. One of your best! Good job describing the position BARZ has put itself into trying to get funding. Since their only source of capital has been the many lucrative PPMs they've closed in prior years, they probably shouldn't have allowed their balance sheet to go so low as to strangle that lifeline by not having enough to keep their financials current.
I don't see why they couldn't have gotten some income as prepayment on these orders, though. These are, after all, big players who really want this technology. Or maybe not. As I've said before, I think the boat has sailed on 3G products. They may have orders, and they may find some way to fill them, but I sure don't see many more coming up.
Any insight as to how long they might hold off SEC action for failing to file? They certainly must have been warned by now, and unless they were able to put forth a viable remediation plan, I'm surprised they're still registered.
