They have burned up cash and done convertible note raises which are chalk full of anti-dilutive protective clauses, extra shares, interest expense that ratchet up if Qsep does lower raises or doesn't pay the principal back...which they will never. Instead of going to a bank and presenting all this great news and (CHUCKLE) new clients HA!...which would be an easy sell to secure a debt loan based on the magic these white pipe produce, the promotional wizards prefer to sell ownership! You know company in trouble when this is their only source of funds. When they announce a new crowd funding or similar "creative" financing, it will signal the end.
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