Lol - if they were burning through more than a million a month - how much do you think they will burn through trying to prop up this latest deal? One they already admitted was not feasible to operate.
Let’s not forget - Hoagland the Hedge Hog was an independent advisor here. Who best you unload a failing company on for $60 million bucks.
Call me skeptical but I do wonder if Ecoark was in danger of being delisted from Nasdaq with their market cap not what THEY thought it should be, so they looked for for suckers to help prop it up by spinning off a company they were having problems getting past the SEC with those 7 amendments that still didn’t get them effective.
Yeah probably diehard investors like those listed that pumped the stock last time they invested in the “working capital.” The Rebecca’s and PapaHumbls and Drummerboys of the HumblNative cult. I guess it’s not a bad idea for even George or Sapi to average down on their warrants!
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