if accurate, seems likely they must have revenues to meet that payroll. so claiming they have no revenue seems foolish, in general.
my question is: how much revenue?
per math posted in recent weeks, at current 56m OS, to yield reliable buying support at $4/share, i expect we'd need either >$250m/year in gross sales or $10m-20m in annual profits.
those are large numbers for a small company. but possible if they have decent demand for their products.
viz, $250m/160k = $1560/sqft in sales/manufacturing floorplan. that's only $6.25/sqft per day in product value, which seems very doable if the products are moving.
and if they PR exciting growth potential and/or innovative products, the stock price can easily bump 2x-3x above support levels.
99.99% of all pinks are scams. Best to assume the other 0.01% are as well.
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