very simple calculation....You understand 6 million is one time charge relating to restructure/winding down right? Nothing to do with operations.... You get that right?
From the company President in reply to my question about the losses in Q2:
Our financials reflect the sale of certain assets. And the loss of revenue from those assets. A lot of the reported loss is attributable to non cash items and one time charges such as derivative liability and impairment charges. The key aspect is that it reflects a substantial reduction in debt. If we are going to achieve profitability, a stronger balance sheet is imperative.
You gotta spend money to make money! And by the way, if you back out that $6M one time charge the daily loss comes to around $67.5K/day... ashtray change compared to other non profitable publicly traded companies out there.
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