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Wednesday, February 15, 2023 3:00:53 PM
if they were to file bankruptcy their shares would be cancelled and they would not have the ability to raise capital.
You only file bankruptcy for 1 of 2 reasons:
1 - you can't raise capital
they can raise capital through dilution
or
2 - You can not repay your debt
They only have 39 million in debt of which 29 million is accounts payable
The accounts payables are probably due to their suppliers so it is safe to assume their suppliers will work with them becuase they want to continue the business relationship
Toughbuilt has a successful past history of raising capital and paying down debt when needed to do so. This is all done on the backs of retail investors through very good investment banking and terms.
It is a never ending death spiral of the stock price, but continued growth of the company.
Recent TBLT News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 08:00:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 08:10:25 PM
- ToughBuilt Industries Announces Receipt of Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q • GlobeNewswire Inc. • 05/24/2024 08:10:00 PM
- Toughbuilt Industries Announces Receipt of Nasdaq Delinquency Notice • GlobeNewswire Inc. • 04/25/2024 08:05:00 PM
- ToughBuilt Obtains Purchase Order Financing to Fuel Supply Chain and Growth Initiatives • GlobeNewswire Inc. • 04/02/2024 12:30:00 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/21/2024 09:38:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/20/2024 02:13:37 PM
- ToughBuilt Industries Announces Closing of $3.5 Million Public Offering • GlobeNewswire Inc. • 02/16/2024 09:05:00 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 02/16/2024 05:01:26 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 02/16/2024 04:58:58 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 08:38:38 PM
- ToughBuilt Industries Announces Pricing of $3.5 Million Public Offering • GlobeNewswire Inc. • 02/14/2024 01:00:00 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 02/14/2024 05:15:16 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 01:14:34 AM
- ToughBuilt Anticipates Positive Operating Cash Flow by Q3 2024 • GlobeNewswire Inc. • 02/13/2024 01:00:00 PM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 02/09/2024 10:17:06 PM
- ToughBuilt Industries Accelerates Growth with Expanded StackTech® Ecosystem, Targeting $6.8 Billion Market • GlobeNewswire Inc. • 01/31/2024 09:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/29/2024 11:30:15 AM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 01/26/2024 09:09:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/17/2024 07:30:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/26/2023 10:00:28 PM
- ToughBuilt Industries, Inc. Announces Reverse Stock Split • GlobeNewswire Inc. • 12/26/2023 09:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/11/2023 09:53:32 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:33:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/15/2023 10:18:43 PM
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