who knows... it's in drips and drops and will continue as market makers find a market for an extremely thinly traded stock with a low float.
A whopping $5K traded hands today.
I'm personally not concerned since the company is building something that will be worth much more than the $75M market cap it has today and I don't need my investment back anytime soon.
The likelihood of them "surviving and thriving" continues to get better each day.
$100M debt projected to come off the books this quarter, reflected in financials filed in January (based on statements they would complete the LLC to LP conversion in November).
Spectrum footprint growing daily with an early 2020 completion (though they can go-live in each market and don't have to wait for the whole thing to get built).
The goal is to prove the network with their solution and then open up to third-parties to leverage the spectrum.
Short-term cash-flow issues, but profitability is not far away.
Equity will be issued to raise the funds, however, in either the recent PR or filing they are looking at traditional debt as well which would be awesome.
I've previously stated my thoughts that we would be looking at 20% in dilution to achieve the funding they are looking for.
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