In the last quarterly filing Bignitz reported $2.8 million left from the original %5 million. Bignitz spends about $700,000 on himself and his other officers every three months. At that rate, the bank account should be totally drained by the second quarter 2020.
The lender is between the proverbial rock and the hard place. The number of additional shares to make good on the $5 million plus the roughly $5 million in interest equals to billions of additional shares. Any rallies Bignitz orchestrates will be quickly sold into by the lender.
The greater likelihood now is Bignitz at some point simply quits filing. The stock goes from dormant to completely dark, not all that uncommon in the US penny stock market.
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