“So the state of play is the company will need to raise additional capital. And if it’s the usual suspects, then shareholders can expect more highly expensive and highly dilutive penny stock financing — paging Mr. Fife, please come to the counter to pick up your hot mess sandwich.”
— I agree. It’s likely they continue diluting slowly to their friends to avoid mass exodus of existing retail investors. They don’t want retail to lose hope that a big partnership is just around the corner!
Overall, they are experts at keeping the lights on so there will be no insolvency. But there will be gradual erosion of shareholder equity and value as we move into Q3 and Q4.
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