The company will never move forward with this leadership. GC does not care and is sloppy. The company is in default and spends money like they are ballers and are already selling millions of units. They can't capitalize on good terms and have constant problems with their filings. Leadership is content doing toxic convertible notes and for years talk about how they are working to clean it up while they still issue more of the same notes. This has caused the company to issue and dilute the stock of the company to the point where people have lost so much money from their investments, while the note holders convert at a guarantee profit. Maybe worth it if they had 100 million from the raises but they are close to broke and selling noise of promises revenues. What ever happened to the revenue from the testing? Well, they did a deal while not defining terms with provista. This means they sunk large amounts of money into a lab that had nothing special. Gave them most of the revenue and inflated the deal cost when they finally got terms. Almost all that money the company never seen. GC is known for not defining terms and telling the market they have agreed on an acquisition or license deal or partnership. So how this works is he sells shares to people who get crazy discounts and they vote in his favor. He maintains control and gets the most lucrative ceo deal with crazy bonuses and equity while he has not performed at all. Company is close to no cash and what cash he does have her pays himself and spends uncontrollable while failing to report terms, transactions, detailed expenditures. No real governance. No care about the retail investors. All while constantly tweeting about how great and close they are. He is wonderful at promoting. Doing the exact same thing they did at AMBS and has not learned his lesson. You will get crushed here. Only people playing this are technical traders riding variance. Fundamentalist play short. All the covid companies actually doing something are not sitting with crazy debt, no cash, limited sales and spending their time just promoting.
