Who care's what industry they were in. The point I was making is those company's were running at deficits to start. That's how all businesses usually start. They work towards proof of concept and then the revenues start to roll in with adoption of the concept.
The story of chapter 11 verse melt your face off to insane valuations lies somewhere in between but the common thread between all of them is they all build to a proof of concept to start. Sometimes that takes years and years of growing pains before it finally takes off.
To say this is going to succeed or fail is all opinion at the moment. But looking behind is never how one should invest imo. Pick something to believe in and go with it. If it works, to the victor goes the spoils. It it doesn't, then a lesson is the prize. That's investing in a nut shell weather it be an OTC stock or a big exchange. Rise and fall of the titans is the stock market.
At the moment, all I care about here is that there are no convertible debts remaining on the balance sheet. (In fact, this one should have some shares coming back from a convertible note... see SEC vs crown bridge...) Now let's see if the proof of concept starts panning out in the 2nd half.
Good luck to you!!
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