If XERI already had a healthy war chest, their share price would be in dollars, not pennies. If they do, in fact, book decent near-term revenues and raise sufficient capital via their offering, 0.21 will soon be a distant memory.
BTW: XERI not an actual aircraft manufacturer, so they don't need tremendous amounts of cash. They are a hybrid holding/operating company that helps accelerate the development and commercialization of revolutionary aerospace technologies from what seems to be a rapidly-growing number of highly innovative partner companies who IP is past the proof of concept stage. So XERI's risk is spread around while its upside potential appears to be quite substantial.
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