Wednesday, September 08, 2021 8:53:42 AM
Despite yesterday's last round of financing, the company is probably hitting the wall now or in the coming weeks. Because it can't issue a lot of shares anymore (had only 40 millions issuable on May 31st, would need roughly 20 per months just to keep running) while its short term liabilities and opex burn rate are to the tune of nearly $20 millions per month.
Detailed figures below from their SEC filings
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