Burning cash is the Achilles heel, either issue a round of additional shares which dilutes the existing number of shares to support working capital… or…. A 70% buyout premium.
I’m with this guy. I don’t know who keeps posting this bs, but I’ll believe it when I see it. This company hasn’t been around long enough to be taken that seriously. Although those of us who took the chance to work here would welcome it….nobody believes it.
Feels like someone’s desperate half-baked attempt to pump stock. If the company sells, no one will know about it until it’s announced through proper channels.
