I have never invested in this company but have traded it a few times. I won't even do that anymore. You have a ceo who has clearly proven himself incapable, deceptive, as well as opportunistic (the O2 games as well as playing off covid in order to raise funds comes to mind) and now throws out the usual 'good news' blather as he hopes to play off yet another offering, followed undoubtedly by another reverse split.
But the facts remain the same. Despite getting government handouts and grants, the company still has no true business plan. Anyone objective can still see that nothing of substance is actually going on that will produce revenue that will keep this company a going concern.
What they do have is a promising product that 'appears' to 'possibly' be a game changer; a product that Zimmer and others (including this ceo and bod and major investors) are NOT willing to go all out for. Why? The answer is simple: maybe it WON'T be a game changer at all and maybe THEY realize that. In any event, whether it is or isn't, the timing appears a long ways off.
In the meantime, there are salaries to be paid, conferences to attend and products to be plugged....all costing money, while nothing of importance has actually materialized, nor is it guaranteed (that is even IF it's as great as advertised, it's not a sure thing it will ever be the go-to product or economically worthwhile). Everyone recognizes this, except some retail folks....folks the company wants to hook in, yet again. And why? Answer: because the big bucks have and still continue to leave it alone. It's not that big a mystery unless we want it to be.