Wednesday, November 22, 2023 12:09:59 PM
No worries, the company says it can't keep operating without significant additional cash.
The good thing is that toxic deathspiral financing at 40% discounts to the share price means that billions more shares will need to be added.
The bad thing is that, if the ask price is $0.00005, then issuing more shares at a 40% discount to that price means even more dilutive shares will need to be issued (thus the 30 billion share authorization).
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