They have stated the same or similar for the past 10 years. They have always warned of not having enough cash to complete their plans. Why is this time any different?
Yes, they have raised money through stock sales previously. Yes they will likely need more cash eventually.
You continue to ignore the fact that they recently SHOWED THE WORLD their finished spider silk. They have confirmed trials were done. They now plan to do more. We do not know (with certainty) that those trials relates to the hybrids they’ve already tested or other lines they mentioned as being “very close” to ready.
For all we know production is already underway with the hybrids used in the last trial that PRODUCED THE RESULTS THEY SHOWED THE WORLD.
They could very easily generate revenue from sales if production is already underway. If that’s the case, it’s possible more money may not to be raised or, if it does, there may be options beyond dilution to raise additional funds.
Can you see how your portrayal of the situation is leaving out some valuable data points? Others on here would likely question your intelligence that this all needs to be spelled out but I will rise above such low hanging fruit…
;-)
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