LOL. Well that sounds terrible doesn't it. But lets take a closer look.
All they have to do is stop losing over $1MILLION/month
It's a startup company, only a few years old. Fuel has been flowing and losses keep coming down just like any startup and they will be cash flow positive shortly if not already, but hey, lets try and pretend that will never stop.
diluting the crap outta their shareholders to keep their lights on
Yes, they sell pipes for startup capital. They will probably need at least one more. Everyone including myself knew this from day one. But hey, lets just pretend it isn't a very normal thing that startups do to get started and make those very investors rich in the process.
....and committing securities fraud.
That I take it must be a reference to the ancient one line, one time accounting mistake from three years ago.
The SEC case on that went dark some time after the SEC fired an employee involved with the case. But hey, lets pretend it's not a dead case, and while we're at it lets pretend it's not a one time thing and they are doing it on a daily basis.
Upon closer inspection we can see there's nothing really there.
tic toc......money's about to start flowing in.
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