"The reverse split was necessary to allow the Company to continue to raise capital and to allow shareholders to be able to to deposit shares".
"On the CSpace front, Dr Melnik and Dr. Refai, have already made significant improvements to the illumination optics that are a key subsystem of the next generation CSpace laboratory prototype".
"Both the Board and the management team are very encouraged by the progress to date".
The last paragraph is so encouraging that you must read it yourself!
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