They had cash, no more...
On their last published balance sheet of 9/30/14, they showed a cash balance. Yet, the burn about $475,000 per month. They raised $200,000 through the issuance of a note. So they should have run out of cash circa mid December.
Also, observe that they have lent about $1 million to a related party, unsecured, that is actually controlled/owned by the CFO & CEO. Irresponsible and a total conflict of interest.
Agree this is a pump and dump and the world is catching up with them.
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