Read the entire 10Q. Nothing overly positive or negative, basically an neutral filing of what the market already knows.
Only thing that would be of concern is that they filed an $100 Million offering which they will need to use to further operations seeing that they will have no real revenues until the construction is completed in 2020. What discount to current retail will the shares be sold @ is of top concern....
WE HAVE SUSTAINED SIGNIFICANT RECURRING OPERATING LOSSES AND EXPERIENCED NEGATIVE CASH FLOW FOR OPERATIONS SINCE INCEPTION.
We have sustained recurring losses and experienced negative cash flow from operations since inception. Since inception, we have focused on developing and implementing our business plan. As of December 31, 2018, we have generated cumulative losses of approximately $54,954,952 since inception, and we expect to continue to incur losses until 2020. We believe that our existing cash resources will not be sufficient to sustain operations during the next twelve months. We need to generate revenue and raise funding in order to sustain our operations and continue to implement our business plan. If we are unable to obtain additional funds when they are needed or if such funds cannot be obtained on terms acceptable to us, we would likely be unable to execute upon the business plan or pay expenses as they are incurred, which would have a material, adverse effect on our business, financial condition and results of operations. The amount of future losses and when, if ever, we will achieve profitability are uncertain.
There is no real concern at the moment of being delisted as they have several more months to cure the PPS above a $1. So, they will very likely announce the final offering PPS to Tutes, and then effect a RS in order to increase the SP above a $1 going forward.
JMO
TAKE PROFIT RELENTLESSLY
