"Point in time" accounting doesn't excuse a persistent shareholder deficit — it describes one. If the deficit recurs across multiple reporting periods, it reflects a structural problem, not a snapshot anomaly.
Regarding pps trajectory: a stock trading at $0.039 is a penny stock by definition. Projecting a "fabulous future" from sub-$0.04 pricing requires far more than anticipated flagship product performance — it requires demonstrated revenue, reduced liabilities, and audited improvements in equity. Hope is not a financial model.
You're right that financial modeling uses assumptions — but those assumptions must be stress-tested, not simply optimistic. "Multiple assumptions analyzed by experts" still requires transparent disclosure of what those assumptions are, so shareholders can evaluate them independently.
Also worth noting: dismissing AI tools while simultaneously appealing to vague expert authority isn't a rebuttal — it's deflection. The underlying numbers in SEC filings are public, fixed, and don't change based on who interprets them.
Sophisticated investors don't ask you to "read the update" — they provide the data. Confidence without disclosure is a red flag, not reassurance.