Simple real world facts. Running out of money, no net profit. Running out of authorized shares to sell to fund ongoing operations let alone expansion.
Either the RS get raised well above one billion shares, or a R/S followed by increasing authorized shares. How else can they fund ongoing operations? Real world facts may be distressing, but they are still facts.
We are here for the future of the company, nut current status. Defaulting on debts now would be devastating.
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