*Possible lead* Does their last 8-k quarterly hint at why we have a delay? Thoughts?
“Going Concern
The accompanying unaudited condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. The Company had an accumulated deficit of approximately $33,800,000 and $32,450,000 at March 31, 2019 and June 30, 2018, respectively, and had a net loss of approximately $1,300,000 and $4,500,000 for the nine-month periods ended March 31, 2019 and 2018, respectively, and net cash used in operating activities of approximately $336,000 and $685,000 for the nine-month periods ended March 31, 2019 and 2018, respectively, with no revenue earned since inception, limited cash of approximately $19,000 and $65,000 at March 31, 2019 and June 30, 2018, respectively, and a lack of operational history. These matters raise substantial doubt about the Company’s ability to continue as a going concern.”
