i agree 100%. cash burn has been at high speed last year. spending far outweighs revenue. roll out looks great but with cash on hand dwindled from 28k to 8k it could be difficult. From a finance perspective it looks very foolish on the money they just awarded the new vice prez and CFO. Have you read the 8k on it?Totally outrageous! Base salary of 300k with 50k promotion bonus. stock option grant of 200k and 50k series stock. seems too much to me but just my opinion. Also big news coming and they know this so they are squeezing shares before rollout announcement. Took advantage of market selloff to scoop shares? Or like you said dilution to raise much needed loot.
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