At this point, I can see no way they avoid delisting... for quarter ending Sept 2018, shareholder equity was $707K, which the Naz informed was insufficient - now it's a shareholder deficit of app $8.7M, which increased $3.1M from $5.6M end Dec 2018 - anyone venture a guess how they can increase equity by $11.2M (have to wipe out the $8.7M + acquire another $2.5M to meet the Naz minimum requirement)?
They stated in the last 10-Q that if they did not obtain funding in some way, that it was likely they could not continue operations beyond Aug 31st - they just barely got enough to squeak by that date, seems with their cash burn, that may give them another month tops...
Then it's off to the pinks... but I have to wonder when the unpaid creditors will pull the plug and force them into bankruptcy...
In my opinion, of course! :-)
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