Oh I agree. If management isn't going to go the PR route to push up SP to bring warrants into play. Then just sitting idle in the middle of the ocean isn't an option either. Something has to be done. I just find it odd that from an outsider perspective (our perspective), it appears they are about to have a crisis on their hands with lack of funding. Yet they continue to press forward with testing sites. Which we all know isn't a free service. I go back and forth with it mentally all the time. But I do wonder if there's something behind the curtains that we're not seeing that's keeping them from making deliberate moves to avoid the funding issues on the horizon?
If an underwriters would issue $60M in bonds, at ccc rating the monthly coupon will be $500- $600k, how do we pay this? Perhaps I'm missing something but this does not appear to be a viable option. I don't have all the answers but it's clear some value proposition is required to investors. An RS now is a poor option too. Hopefully there's a rabbit in a hat.
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