Yep, and important to remember that they also have the ATM plan in place so they can "dribble" shares out for "lunch money". My WAG would be an offering at some point around $.75 if they're lucky, along with the reset for warrants from the last offering. Then assuming they're still losing money, an r/s maybe 1:5-10 range prior to delisting. We shall see.
Less Red each quarter does matter. All prospective investors want to know and see is improvement in the bottom line. Matters not that they continue in the red but rather that there be a stream of less red each quarter evidencing a closing in of break even. The market is a discounting mechanism not a thermometer. It forecasts px/sh based on what is perceived not what is. One more narrowing of the loss and px could rally above $1.00 w/o the need for a R/S. Again , no need for add'l dilution now. Too soon after the last one improving the cash position.
Caveat: 1) Next quarter shows widening loss not an improvement.I don't believe it will. 2) All of this is being engineered to take it private at a song and a dance. Who knows!
At this juncture I'm neither a bull nor a bear. Just a small size holder with some possible positives developing.
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