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Wednesday, September 06, 2023 7:01:48 PM
But they will. They have no money and they have almost no sales so they need money from somewhere. Hence the financing. I mean even Tesla gets financing. Almost every public company does. That is why most companies go public. It isn't so they can show how great it is to be on the NASDAQ and brag to their wives about it.
It is so they can get easier access to $$$$$$$.
The key will be as I said, when they get it and at what terms. If they announce a new debt convertible deal with no other news that expands the company? The stock will go right back to .001 or lower. If they announce a new financing deal that is congruent with an expansion of their patents for example?
That is a good thing.
Right now we just don't know so that is the risk....as it is with almost any pink sheet company.
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