Worth noting that when Pestell said the following...
“There will be new information coming out very soon, in several different high-impact areas, which we believe will be very helpful for current investors."
He added something about “and investors in this next raise.” I can’t recall the exact quote.
I get the sense a licensing deal is around the corner and finances will soon change dramatically.
If there was any fear of going bankrupt they wouldn’t be holding out for deals at a price they’re “worth.” They’d take whatever they could. I don’t think the risk here is anywhere near what it was even a few months ago.