What makes you think they have the money to pay? They have been raising money, it is obvious by the way this stock trades. I have no doubts the company has some orders that will bring in revenue. However, a company must first manufacture the product before they can sell it. That costs money. I also think funding operations with equity is a poor business decision. Using equity for expansion, debt service or acquisitions is the proper way to use equity, funding payroll and materials is not.
I of course don't know how they have used proceeds from financing because they don't report anything. I have not seen the company announce any LOC's with a bank, which would be a positive development if they had one. So, without reporting I must assume they are financing operations with equity.. which is not the way to run a public company.
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