transparency is once again gone with this company. absolutely impossible to know what's going on. same old story and back to the old games of announcing deals only to not follow through and getting zero response from company when I send them questions. I have to admit, I have already resided myself to the notion that my "investment" is likely gone. On Jan 7 they will have to issue $2M in shares unless they have some cash stashed away to pay ABG which will further dilute shareholders. It's very hard to read any press release in a positive light given that we have not seen a positive PR is a long time. It's pretty bad when you have to read the quarterly report to learn that HC approved west wing on Dec 13th. I'm afraid than none of the current or prior management seems to understand how to manage a publicly traded company.
not much you can do at this point but hope there is a good reason for cancelling the deal. question
I'm waiting for the next PR that says company is "seeking strategic alternatives". I've rarely seen a company that has publicly stated they need the cash but has failed to close on two publicly released financing deals.