How is that product selling?
They bet the company on the mirror. They sold 5 in December.
I figure maybe 10 more in 1Q.
This is a recipe for failure. They need to raise another $1-1.2 million to be able to last out the year. By their own words, they have enough money to get through 1H2022.
Need financing. I don't see them selling common shares to raise 1 million; not enough shares.
The 60 cent holders are still stuck with 1.5 million shares they couldn't dump - can't realistically go back to them for more, can they?
Only thing I think they can sell is the Preferred B-1. A million of those at $1/share, with $1 in liquidation preference might entice the financing. Let's see what they come up with. About 2 months to get it done.
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